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Gold futures rose 0.19 per cent to Rs 27,537 per 10 grams today, as speculators created fresh positions on the back of a firming trend overseas.
At the Multi Commodity Exchange, gold for delivery in February rose Rs 53 or 0.19 per cent to Rs 27,537 per 10 grams with a business turnover of 796 lots. Similarly, February contract also rose by a similar margin to Rs 27,890 per 10 grams with a trading volume of 24 lots.
Market analysts attributed the rise in gold futures to a firming trend overseas on the back of an increase in physical and investment demand for the precious metal.
Meanwhile, gold rose 0.6 per cent to $1,653 an ounce in Singapore in early trade today.
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