New Delhi: Gold extended gain for the second straight day by rising 0.22% on the Multi Commodity Exchange (MCX) today on sustained buying by speculators amid firming trend in the Asian region.
At 1:30pm, gold for the most-active October-month contract gained 0.22% to Rs14,647 per ten gram with an open interest of 1,297 lots. It had gained 0.21% in yesterday’s trading.
Similarly, Gold for delivery in August-month contract added 0.21% to Rs14,644 per ten gram with an open interest of 14,129 lots.
Marketmen said sustained buying by speculators in the wake of firm trend in the Asian region mainly led to recovery in gold prices at the futures market here.
Meanwhile, gold prices traded higher in Asian region at $932.00 an ounce against last close of $927.