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Gold futures rose 0.9 per cent to Rs 26,866 per 10 grams as speculators enlarged their positions on positive cues from global market.
On the Multi Commodity Exchange, the metal for delivery in August gained Rs 239 or 0.9 per cent, to trade higher at Rs 26,866 per 10 gm in a turnover of 451 lots.
On similar lines, the metal for delivery in October edged higher by Rs 211 or 0.79 per cent to Rs 26,895 per 10 gram, clocking a business volume of 12 lots.
Analysts attributed the rise in gold prices at the futures trade to the precious metal’s sustained upsurge in the global markets as escalating violence in Iraq spurred the demand for the safe-haven.
Globally, the yellow metal rose 0.5 per cent to $1,282.98 an ounce in Singapore today, the highest level since May 27.
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