Gold prices rose Rs 36 or 0.11 per cent to Rs 27,014 per 10 grams at the futures trade as speculators created fresh positions taking positive cues from the global market.
On the Multi Commodity Exchange, gold for delivery in far-month August was up by Rs 36 or 0.11 per cent to Rs 27,014 per 10 gram in a business turnover of 1,431 lots.
Similarly, the metal for delivery in June moved up by Rs 9 or 0.03 per cent to Rs 26,820 per 10 gm in a turnover of 206 lots.
Analysts said a firm trend in global market, as outflows in investor holdings slowed and the dollar retreated, raising demand for the precious metal, influenced gold prices at the futures trade here.
Spot gold gained as much as 0.7 per cent to $1,397.88 and was trading at $1,395.60 at 12:10 p.m. in Singapore after Moody’s Investors Service said that the US may face a credit downgrade.