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Taking positive cues from global markets, gold futures traded higher by Rs 270 at Rs 26,794 per 10 grams as speculators built-up fresh bets.
On the Multi Commodity Exchange, gold for delivery in August spurted Rs 270 or 1.02 per cent to Rs 26,794 per 10 grams in a business turnover of 622 lots.
On similar lines, the metal for delivery in October was trading higher by Rs 266 or 0.99 per cent at Rs 27,013 per 10 grams in a turnover of 16 lots.
Analysts attributed the rise in gold prices to a firm trend overseas as Greece shut banks and imposed capital controls, boosting demand for the precious metal as a safe haven, amid concerns of the country’s likely exit from the euro zone.
Meanwhile, the yellow metal rallied 1.1 per cent to $1,188.23 an ounce in Singapore.
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