Gold marginally up in futures trade

Gold futures traded a shade higher at Rs 26,076 per 10 grams today even as the precious metal weakened overseas.

At the Multi Commodity Exchange, gold for delivery in October was up by Rs 19, or 0.07 per cent to Rs 26,076 per 10 grams in a business turnover of 6,920 lots.

The metal for delivery in December edged higher by Rs 11, or 0.04 per cent to Rs 26,263 per 10 grams in a turnover of 711 lots.

Market analysts said speculative positions built up by traders, helped gold futures to trade higher but a weak trend overseas, limited the gains.
 

Globally, gold lost as much as 0.1 per cent to USD 1,106.49 an ounce in London today.