NEW DELHI: Gold prices rose by Rs 36 to Rs 16,835 per ten grams in the futures market on Wednesday on steady buying amid a firming global trend.
At the Multi Commodity Exchange, gold for June month contract rose by Rs 36 or 0.21 per cent to Rs 16,835 per ten grams with an open interest of 3,382 lots.
The metal for delivery in April contract also gained Rs 31 or 0.19 per cent to Rs 16,749 per ten grams in a turnover of 14,768 lots.
Marketmen said fresh buying for the nine-day Navratra festival and reports of a firming global trend pushed up gold prices at the futures market.
Meanwhile, gold recorded a sharp rally of $ 17.10 to $ 1,125.90 an ounce in New York last evening, after the US Fed kept the benchmark interest rates near zero, eroding demand for the precious metal as an alternate investment. - PTI
