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Gold futures rose 0.34 per cent to Rs 27,509 per 10 grams today as speculators enlarged their positions after the metal gained in global market.
On the Multi Commodity Exchange, the metal prices for delivery in December gained Rs 94 or 0.34 per cent to trade higher at Rs 27,509 per 10 grams in a turnover of 572 lots.
Similarly, the metal prices for delivery in February next year edged up by Rs 94 or 0.34 per cent to Rs 27,637 per 10 grams, clocking a business volume of three lots.
Analysts attributed the gains in the precious metal at the futures trade to a firm trend in the overseas market and a firm trend at the domestic spot market on the back of festive season buying.
Globally, gold rose 0.14 per cent to trade at near five-week high of $1,248.60 an ounce in Singapore.
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