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Gold prices rose Rs 101 to Rs 26,865 per 10 grams at the futures trade as speculators created fresh positions after the precious metal rebounded from the biggest decline in a week in the global markets.
At the Multi Commodity Exchange, gold for delivery in far-month February next year was up by Rs 101 or 0.38 per cent to Rs 26,865 per 10 grams in a business turnover of 254 lots.
Analysts said recovery in gold prices in the global market, where it rebounded from the biggest decline in a week as retreat in equities spurred the demand for an alternative investment, influenced gold prices at the futures trade here.
The yellow metal rose 0.4 per cent to $1,188.13 an ounce in Singapore.
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