MUMBAI: Gold prices in the futures market gained further momentum on Wednesday on sustained buying by stockists influenced by firming global trend.
In the mid London trade, gold futures were seen surging towards $800 an ounce mark on the back of firm crude oil that went above $44 a barrel following the improvement in the European equities and the positive start for the US stock futures.
International Gold futures peaked the high of $794.2 and may go towards $800 mark. Recently it was seen quoting at $ 791.9 up $ 17.7 an ounce.
MCX February futures successfully breached the Rs 12400 mark and is headed for further gains. The resistance stands at 12530 and 12580.
