Gold prices rose 0.43 per cent to Rs 27,785 per 10 grams at the futures trade today as speculators created fresh positions taking positive cues from overseas market.
On the Multi Commodity Exchange, gold for delivery in August moved up by Rs 118 or 0.43 per cent to Rs 27,785 per 10 grams in a business turnover of 677 lots.
Similarly, the metal for delivery in far-month October rose by a similar margin to trade at Rs 27,860 per ten grams in a trade volume of 33 lots.
Marketmen said increased positions built-up by speculators after the precious metal rallied to a two-week high in global market as investors assessed the outlook for US borrowing costs, influenced gold futures here.
Globally, the yellow metal in Singapore added 0.2 per cent to $1,319.52 an ounce.