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Gold maintained its sheen with prices rising by another 0.34 per cent to Rs 26,294 per 10 grams in futures trade on Thursday, after the precious metal climbed to a record in global market on escalating European and US debt woes.
At the Multi Commodity Exchange, gold for delivery in most—active month October shot up by Rs 90, or 0.34 per cent, to Rs 26,294 per 10 grams, with a turnover of 4,443 lots.
It had closed 1.8 per cent higher at Rs 26,204 per 10 grams after hitting a record of Rs 26,457 per 10 grams in yesterday’s trade.
The metal for delivery in December gained Rs 42, or 0.16 per cent, to Rs 26,524 per 10 grams, with a trade volume of 242 lots.
Market analysts said a firming trend in precious metal at New York last evening, where it touched a high of $ 1,817.60 an ounce on increased demand for a haven investment as global equities plunged on escalating European and US debt worries, mainly buoyed the trading sentiments here.
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