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Gold prices rose 0.4 per cent to Rs 27,630 per 10 grams at the futures trade today as speculators created fresh positions, tracking a firm global trend.
On the Multi Commodity Exchange, gold for delivery in August moved up by Rs 111 or 0.4 per cent to Rs 27,630 per ten gram in a business turnover of 1,641 lots.
Similarly, the metal for delivery in October gained Rs 78 or 0.28 per cent to Rs 27,660 per 10 grams in 45 lots.
Market analysts said the rise in gold futures was mainly in line with a firm trend in overseas markets as a decline in equities and the dollar spurred the demand for an alternative investment.
Meanwhile, the yellow metal added 0.4 per cent to $1,324.15 an ounce in Singapore.
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