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Gold futures on the Multi Commodity Exchange were trading higher by 0.08 per cent at Rs 27,427 per 10 grams at 1.45 p.m. on Friday.
August contract opened higher at Rs 27,442 against the previous close of Rs 27,404. It made a high of Rs 27,510 and low of Rs 27,380.
In Comex, the yellow metal for August delivery was up by $6 at $1,334 a troy ounce at 1.45 p.m.
New Delhi : Gold futures prices rose 0.35 per cent to Rs 27,500 per 10 grams today as speculators enlarged positions, largely in tune with a firm trend overseas, as US economic data backed the case for sustained monetary stimulus.
On the Multi Commodity Exchange, the metal prices for delivery in August gained Rs 96 or 0.35 per cent to trade at Rs 27,500 per 10 gm in a turnover of 2,823 lots.
Similarly, the metal prices for delivery in far-month October edged up by Rs 94 or 0.34 per cent to Rs 27,499 per 10 gm clocking a business volume of 599 lots.
Analysts attributed the gains in the precious metal at the futures trade to a firm trend in the overseas market as US economic data backed the case for sustained monetary stimulus, boosting the appeal for the precious metal as a safe haven investment.
Globally, the yellow metal rose 0.6 per cent to $1,341.20 an ounce in Singapore today.
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