Global Trend Gold Prices jump in future trade on Global Cues

New Delhi: Following a firming trend globally, gold prices rose by Rs 138 to Rs 25,869 per 10 gram in futures trading today on fresh buying by speculators.

Trading sentiment remained strong, while gold futures in global markets gained after the Federal Reserve to boost the economy, pledged to keep its benchmark interest rate at a record low at least until mid-2013, boosting demand for the metal as a haven investment.

Multi Commodity Exchange The (MCX), gold for October delivery rose 138 rupees, or 0.54 percent, to 25,869 rupees per 10 grams, with a turnover of 25,725 lots.

Similarly, the metal for December delivery traded higher by 85 rupees, or 0.33 percent, to 26,105 rupees per 10 grams, with an open interest of 1,695 lots.

Market analysts attributed the rise in gold prices firming global trend.

Meanwhile, gold for December delivery rose 1.6 percent to $ 1,770 an ounce in New York.