Gold prices rose Rs 46 to Rs 27,790 per 10 gram at the futures trade as speculators created fresh positions after the precious metal recovered in the global market.
On the Multi Commodity Exchange, gold for delivery in far-month December was up by Rs 46 or 0.17 per cent to Rs 27,790 per 10 gram in a business turnover of 2 lots.
Similarly, the metal for delivery in October moved up by Rs 41 or 0.15 per cent to Rs 27,611 per 10 gram in a turnover of 200 lots.
Analysts said the recovery in precious metal in the global market was on speculation that prices near the lowest level since June may encourage purchases as investors assessed the tensions in Ukraine and the outlook for higher US borrowing costs helped gold to trade higher at the futures trade here.
Meanwhile, gold rose 0.3 per cent to $1,273.51 an ounce in Singapore.