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Gold prices edged higher by 0.55 per cent to Rs 25,882 per 10 grams in futures trade on Friday, tracking a better trend overseas on physical buying at prevailing levels.
At the Multi Commodity Exchange, gold for delivery in October moved up by Rs 142, or 0.55 per cent, to Rs 25,882 per 10 grams, with a trading volume of 915 lots.
Similarly, the metal for December delivery rose by Rs 123, or 0.47 per cent, to Rs 26,134 per 10 grams, with a turnover of 412 lots.
Analysts attributed the rise in gold futures prices to a firming trend overseas, as the recent dip in prices of the precious metal below $ 1,600 an ounce boosted physical purchases and investors sought to protect their wealth from global uncertainty caused by the European debt crisis.
Meanwhile, spot gold prices rose by $ 6.20, or 0.38 per cent, to $ 1,622.10 an ounce in the Asian region today.
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