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Gold prices rose 0.72 per cent to Rs 27,080 per 10 grams in futures trade today as speculators created fresh positions after the precious metal climbed to almost two-week high in global markets.
At the Multi Commodity Exchange, gold for delivery in February next year was up by Rs 194, or 0.72 per cent, to Rs 27,080 per 10 grams in a business turnover of six lots.
The metal for delivery in December moved up by Rs 187, or 0.70 per cent, to Rs 26,924 per 10 grams in a turnover of 836 lots.
Analysts said a firming trend in the precious metal overseas where it soared to two-week high as Federal Reserve expressed concern that the U.S. economy may be at risk from a global slowdown, weakening the dollar and boosting haven demand, influenced gold prices at futures trade here.
Meanwhile, gold rose by 0.40 per cent to U.S. $1,225.60 an ounce in Singapore, the highest since September 26.
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