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Gold futures prices today rose 0.53 per cent to Rs 27,725 per 10 grams as speculators enlarged their positions, driven by a firm trend in the Asian region.
On the Multi Commodity Exchange, gold for delivery in August rose Rs 145 or 0.53 per cent to Rs 27,725 per 10 gm in a business turnover of 1,901 lots.
Similarly, the metal for delivery in far-month October moved up by Rs 145 or 0.52 per cent to Rs 27,915 per 10 gm in a turnover of 77 lots.
Market analysts said a firm trend in the global market, as investors bought the precious metal as a haven asset as China’s trade and industrial production in May trailed estimates, mainly influenced gold prices at the futures trade here.
Meanwhile, the yellow metal advanced 0.4 per cent to $1,388.41 an ounce in Singapore in early trade today.
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