Gold futures rise to Rs. 26,812 per 10 gm

Gold prices rose 0.86 per cent to Rs. 26,812 per 10 grams at the futures trade today as speculators created fresh positions, taking positive cues from the global market.

At the Multi Commodity Exchange, gold for delivery in February moved up by Rs. 228 or 0.86 per cent to Rs. 26,812 per 10 grams in a business turnover of 1,043 lots.

Similarly, the metal for delivery in far-month April 2015 was trading higher by Rs. 224 or 0.83 per cent to Rs. 27,054 per 10 grams in a turnover of one lot.

Analysts said a firm trend in the global market, where gold advanced as prices neared the lowest level in three weeks, encouraged purchases and influenced the precious metal at the futures trade.

Meanwhile, gold rose as much as one per cent to $1,185.09 an ounce in Singapore.