Taking positive cues from the global market, gold prices rose Rs 101 to Rs 27,818 per 10 grams at the futures trade today as speculators enlarged positions.
Further, rising demand from jewellers at the domestic spot market for the ongoing wedding season supported the upside in the precious metal prices.
On the Multi Commodity Exchange, gold for delivery in far-month April was up by Rs 101 or 0.36 per cent to Rs 27,818 per 10 grams in a business turnover of 86 lots.
Similarly, the metal for delivery in February was trading higher by Rs 76 or 0.27 per cent at Rs 27,730 per 10 grams in a turnover of 1,130 lots.
According to analysts, a firm trend in global market where gold traded at almost four-month high ahead of the European Central Bank meet to discuss introducing new stimulus, influenced the precious metal here at the futures trade.
Meanwhile, gold rose $17.70 or 1.40 per cent to $1,280.30 an ounce in New York on Friday.