Gold futures prices today rose 0.48 per cent to Rs 27,771 per 10 grams as speculators enlarged positions after the yellow metal gained in the global market.

On the Multi Commodity Exchange, the metal prices for delivery in far-month October gained Rs 134 or 0.48 per cent to trade higher at Rs 27,771 per 10 gram in a turnover of 43 lots.

Similarly, the metal prices for delivery in August edged up by Rs 114 or 0.41 per cent,to Rs 27,790 per 10 gram, clocking a business volume of 672 lots.

Analysts attributed the gains in the precious metal at the futures trade to a firm trend in the overseas markets amid signs of increased demand in China and India, the world’s two largest consumers.

Globally, gold rose to $1,301.86 an ounce in Singapore from $1,299.21 yesterday.

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