Gold prices recovered by Rs 55 to Rs 26,793 per 10 grams in futures trade today. AT MCX gold for delivery in October surged by Rs 55, or 0.21%, to Rs 26,793 per 10 grams, with a business turnover of 331 lots. Gold is expected to change its trend for the MCX market and rise is expected for Gold in tomorrows trading session.
Market analysts attributed the rise in gold futures prices with a firming trend in global markets after the decision of US Federal Reserve to refrained from offering more stimulus measures to help economic growth, boosting the appeal of safe haven investments.
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