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Gold futures prices today rose by 0.38% to Rs 27,781 per 10 grams as speculators enlarged positions, largely in tandem with a firming trend overseas ahead of US jobless claims report.
At the Multi Commodity Exchange, metal prices for delivery in October gained Rs 104, or 0.38%, to trade higher at Rs 27,781 per 10 gm in a turnover of 324 lots.
Similarly, the metal prices for delivery in far-month December edged up by Rs 86, or 0.31%, to Rs 27,690 per 10 gm, clocking a business volume of six lots.
Analysts attributed gains in the precious metal at futures trade to a firm trend in overseas markets before a report today that may show US jobless claims increased, potentially delaying moves by the Federal Reserve to slow the pace of bond purchases.
Globally, gold rose by 0.60%, to $1,294.85 an ounce in Singapore today.
