NEW DELHI: Gold futures prices on Monday rose by 1.42% to Rs 27,084 per 10 grams as speculators enlarged positions after the metal jumped to a one-month high in the global market.
At the Multi Commodity Exchange, metal prices for delivery in August gained Rs 379, or 1.42%, to trade higher at Rs 27,084 per 10 grams in a turnover of 2,900 lots.
Similarly, the metal prices for delivery in October edged up by Rs 373, or 1.39%, to Rs 27,200 per 10 grams, clocking a business volume of 300 lots.
Analysts attributed gains in the precious metal at futures trade to a firming trend in the overseas markets where it climbed to one-month high as expectations that the US Federal Reserve will sustain stimulus.
Globally, gold rose by 1.80% to $1,319.99, the highest level since June 20 in Singapore.
