At the Multi Commodity Exchange, gold for delivery in far-month February rose by Rs 23, or 0.08 per cent, to Rs 27,187 per 10 grams, in a business turnover of 87 lots.
Analysts attributed the rise in gold prices to a firming trend overseas as the US dollar weakened against a basket of major currencies, raising demand for the precious metals as a safe haven.
Meanwhile, gold rose 0.41 per cent to USD 1,139.30 an ounce in Singapore.
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