Gold prices rose by Rs 65 to Rs 25,453 per 10 grams in futures trading on Wednesday as speculators enlarged their positions amid a firming trend overseas.
At the Multi Commodity Exchange of India (MCX), gold for delivery in February was trading higher by Rs 65, or 0.26%, to Rs 25,453 per 10 grams, in a business turnover of 275 lots.
Similarly, the yellow metal for delivery in far-month April traded higher by Rs 55, or 0.22%, to Rs 25,588 per 10 grams in 13 lots.
Analysts said a firming trend in the global markets where gold rose to $1,077.23 an ounce (nearly Rs 71,862.01 ) in Singapore as investors eyed the US Federal Reserve minutes to be released on Wednesday, influenced the gold futures.
2015 Kashmir Despatch