Gold prices surged Rs 235 to Rs 25,970 per 10 grams at the futures trading today as participants widened bets, triggered by a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in February rose Rs 235 or 0.91 per cent to Rs 25,970 per 10 grams in a business turnover of 1,369 lots.
Similarly, the yellow metal for delivery in far-month April was trading higher by Rs 223 or 0.86 per cent to Rs 26,072 per 10 grams in 69 lots.
Analysts said a firm trend in the global market, where gold advanced as equity-market losses and sinking commodity prices spurred the demand for safe-haven assets while boosting speculation that the Federal Reserve may slow the pace of increases in US interest rates, influenced the precious metal prices at the futures trade here.
Globally, gold rose 0.2 per cent to $1,095.39 an ounce in Singapore.