MUMBAI (Commodity Online): On the heels of strong festive demand coupled with the firming global sentiments, the domestic Gold futures garnered modest gains on Friday.

MCX Gold February contract rose Rs 27 or 0.14 percent to Rs 19,256 per ten gram with an open interest of 911 lots. Similarly, October delivery moved up by Rs 16 or 0.08 percent to Rs 19,059 per ten gram with an open interest of 18,355 lots.

Meanwhile, gold recorded a handsome gain of $6.90 to $1,251.30 in New York on Thursday.

Gold slightly pared small gains after a stronger-than-expected U.S. jobless claims reading, but the metal remains in positive territory amid general market skittishness and a weaker U.S. dollar.

After the session higher 19033, Gold slumped to a low of 19002 as the dollar rallied amid ebbing risk sentiment in advance of the U.S. housing and jobless claims figures, and today’s non-farm payrolls figure.

The metal was later lifted to a high of 19088 as the dollar retreated as higher pending U.S. home resales enhanced investor risk-appetite, before profit taking carried the commodity to its close of 19043.

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