Gold rose Rs 21 to Rs 27,097 per 10 grams at the futures trading today as speculators widened bets, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in far-month February next year edged higher by Rs 21 or 0.08 per cent to Rs 27,097 per 10 grams in a business turnover of three lots.

Similarly, the metal for delivery in December was also trading higher by Rs 20 or 0.07 per cent to Rs 26,865 per 10 grams in 175 lots.

Market analysts said speculators enlarged their bets on the back of a firm global trend as investors eyed the upcoming Fed meeting for clues on timing of a US interest rate hike.

Globally, gold increased as much as 0.3 per cent to $1,169.40 an ounce in Singapore.

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