Gold a shade higher in futures trade on global cues

October, December contracts up 0.09% and 0.16%, as traders enlarge positions

Gold prices rose 0.16 per cent to Rs 27,765 per 10 grams in futures trading today as speculators enlarged positions amidst a rebound in global markets.

At the Multi Commodity Exchange, gold for delivery in December moved up by Rs 43, or 0.16 per cent, to Rs 27,765 per 10 grams in a business turnover of six lots.

October gold traded higher by Rs 25, or 0.09 per cent, to Rs 27,579 per 10 grams in 218 lots.

Analysts said a slightly better trend in the global markets after yesterday's plunge supported the upside in gold prices at futures trade here.

Meanwhile in Singapore, gold traded higher at $1,266.15 an ounce from $1,265.40 yesterday.