NEW DELHI: Gold futures traded marginally higher in early trade on the Multi Commodity Exchange (MCX) on increased buying by speculators
influenced by a firming global trend.
At 1130 hrs on the MCX, gold for the most-active August contract gained 0.29 per cent at Rs 14,900 per ten gram, with an open interest for 14,766 lots.
The metal for delivery in June-month contract edged up by 0.26 per cent to Rs 14,899 per ten gram, clocking 497 lots.
Trading sentiment remained bullish as gold advanced in Asia as dollar's weakness increased the metal's appeal as an alternative to US currency-denominated assets.
The continued rise in gold prices was mostly on the back of a firming global trend, traders said.
Gold in the Asian region traded higher by USD 984 an ounce against the last close of USD 970.
