Gold prices rose Rs 119 to Rs 26,638 per 10 grams at the futures trade today as speculators created fresh positions on cues from overseas markets.
On the Multi Commodity Exchange, gold for delivery in April was up by Rs 119 or 0.45 per cent to Rs 26,638 per 10 grams with a business turnover of 698 lots.
Similarly, the metal for delivery in June moved up by Rs 108 or 0.4 per cent to Rs 26,789 per 10 grams with a trade volume of six lots.
Marketmen said fresh positions built-up by speculators in line with a global trend as falling retail sales in the US cast doubt on the pace of growth in the world’s largest economy, boosting demand for a safe-haven, mainly led to a rise in gold futures.
Globally, the yellow metal in Singapore traded 0.5 per cent higher at $1,227.76 an ounce in early trade today.