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Gold futures traded a shade higher at Rs 27,030 per ten gram today as speculators indulged in building up fresh positions amid a firm trend overseas before the US Federal Reserve begins a two-day policy meeting today.
On the Multi Commodity Exchange, gold prices for delivery in October moved up by Rs 31 or 0.11 per cent to trade at Rs 27,030 per ten gram in a turnover of 77 lots.
Similarly, the metal prices for delivery in far-month December gained Rs 16 or 0.06 per cent to Rs 27,231 per 10 gm in a business volume of one lot.
Analysts attributed the gains in the precious metal at the futures trade to a firm trend in the overseas markets as investors assessed the health of the US economy before the Federal Reserve begins a two-day policy meeting today.
Globally, gold rose 0.4 per cent to $1,238.58 an ounce in Singapore today.
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