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Gold prices rose 0.58 per cent to Rs 27,560 per 10 grams at the futures trading today as speculators enlarged positions amid a firm global trend.
On the Multi Commodity Exchange, gold for delivery in April advanced by Rs 158 or 0.58 per cent to Rs 27,560 per 10 grams in a business turnover of 396 lots.
Similarly, the metal for delivery in February gained Rs 131 or 0.48 per cent to Rs 27,670 per 10 grams in just one lot.
Analysts attributed the rise in gold futures to a firm global trend as policy makers in Europe tightened the terms of Greece’s bailout and the People’s Bank of China joined central banks acting to counter slower growth, boosting the demand for a safe haven.
Meanwhile, the yellow metal rose 0.4 per cent to $1,274.18 an ounce in Singapore.
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