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Gold futures traded higher by Rs 23 at Rs 26,450 per 10 grams as speculators created fresh positions amid positive cues from global markets.
On the Multi Commodity Exchange, gold for delivery in April was trading higher by Rs 23 or 0.09 per cent to Rs 26,450 per 10 grams in a business turnover of 787 lots.
Similarly, the metal for delivery in June was trading higher by Rs 14 or 0.09 per cent at Rs 26,610 per ten grams in a turnover of 76 lots.
Analysts said fresh positions created by participants following a better trend in global markets amid signs that demand is rising in China, boosting the outlook for consumption in the world’s biggest user, influenced gold prices at the futures trade here.
Meanwhile, gold was trading 0.3 per cent higher at $1,207.73 an ounce in Singapore.
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