Gold prices gained Rs 88 to Rs 27,087 per ten grams at the futures trade today as speculators indulged in creating fresh positions on the back of a firm global trend.
At the Multi Commodity Exchange, gold for February delivery gained Rs 88 or 0.33 per cent to Rs 27,087 per ten grams after touching a high of Rs 27,128 in a business turnover of 52 lots.
Similarly, the metal for delivery in December edged up by Rs 85 or 0.32 per cent to Rs 26,811 per ten grams in a business volume of 2,989 lots.
Analysts said fresh positions built up by speculators in tandem with a firm global trend as concerns about Europe’s debt woes and festival season demand at home spurred the demand for the precious metal, influencing gold prices at the futures trade here.
Meanwhile, the yellow metal gained $2.10 or 0.13 per cent to $1,655.40 an ounce in the Asian region.