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Gold prices rose 0.47 per cent to Rs 27,980 per 10 gram at the futures trade today as speculators created fresh positions taking positive cues from overseas market.
On the Multi Commodity Exchange, gold for delivery in far-month October traded higher by Rs 131 or 0.47 per cent at Rs 27,980 per 10 gram with a business turnover of 8 lots.
Similarly, the metal for delivery in August moved up by Rs 120 or 0.43 per cent to Rs 27,896 per 10 gram with a trade volume of 179 lots.
Marketmen said increased positions built-up by speculators after the precious metal traded at almost three-month high in global markets with holdings in the SPDR, the biggest gold-backed exchange-traded product, expanding 0.7 per cent yesterday, influenced gold futures here.
Globally, the yellow metal climbed 0.9 per cent to $1,326.90 an ounce in New York in yesterday’s trade.
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