Gold prices rose Rs 88 to Rs 25,050 per 10 gram at the futures trade as speculators created fresh positions taking positive cues from the global market.

At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 88 or 0.35 per cent at Rs 25,050 per 10 gram in a business turnover of 293 lots.

The metal for delivery in far-month April also moved up by Rs 79 or 0.32 per cent to Rs 25,146 per 10 gram in a turnover of six lots.

Analysts said fresh positions created by participants following a better trend in global market as escalating tensions between Saudi Arabia and Iran prompted a return to haven assets, influenced gold prices at the futures trade here.

Meanwhile, gold rose as much as 0.5 per cent to $1,066.04 an ounce in Singapore.

comment COMMENT NOW