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Gold prices rose 0.79 per cent to Rs 26,671 per 10 grams at the futures trade today as speculators created fresh positions, taking positive cues from global markets.
On the Multi Commodity Exchange, gold for delivery in far-month December was up by Rs 209 or 0.79 per cent to Rs 26,671 per 10 gm in a business turnover of eight lots.
The metal for delivery in October moved up by Rs 202 or 0.77 per cent to Rs 26,480 per 10 gm in a turnover of 216 lots.
Market analysts attributed the rise in precious metal to the global markets as the recent market turmoil has delayed the Federal Reserve’s plan to raise interest rates.
Globally, the yellow metal climbed as much as 0.6 per cent to $1,131.80 an ounce in Singapore today.
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