Furthermore, depreciating rupee against the dollar, making imports costlier, too supported the upside.
At the Multi Commodity Exchange, gold for delivery in October was up by Rs 389, or 0.14 per cent to Rs 26,570 per 10 gm in a business turnover of 3,259 lots.
The metal for delivery in far-month December moved up by Rs 37 or 0.14 per cent to Rs 26,748 per 10 gm in a turnover of 102 lots.
Globally, gold inched up as 0.06 per cent to USD 1,123.50 an ounce in Singapore today.
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