Buoyed by partial recovery in global markets and covering of short positions at prevailing levels by speculators, gold price rose by Rs933 to Rs 26,592 per ten gram in futures trade on Tuesday.
At the Multi Commodity Exchange, gold for delivery in October moved up Rs 933, or 4.40 per cent, to Rs 26,592 per 10 grams, with a trading volume of 2,436 lots.
It closed 2.03 per cent lower at Rs 26,716 per ten grams after hitting a low of Rs 26,293 in yesterday's trade, a level last seen on August 8.
The precious metal for December contract delivery also rose by Rs 555, or 2.13 per cent, to Rs 26,003 per 10 grams, with a turnover of 557 lots.
On the other hand, silver prices increased upto Rs 3095 per ten grams
Silver futures surge 4.60 pct on firm Asia cues
Silver prices surged by 4.60 per cent to Rs 54,956 per kg in futures trade as speculators created fresh positions, triggered by a firm Asian trend.
At the Multi Commodity Exchange, silver for delivery in December surged by Rs 3,095, or 4.60 per cent to Rs 54,956 per kg in business turnover of 27,999 lots.
In a similar fashion, the metal for delivery in March contract jumped up by Rs 2441, or 4.60 per cent to Rs 55,330 per kg in 709 lots.
Market analysts said fresh buying by speculators in tandem with a firming trend in Asian region mainly surge silver prices at futures trade.
Meanwhile, silver gained 3.4 per cent to 31.79 dollar an ounce in Singapore, after tumbling 22.5 per cent in the past three days.
