Gold prices rose by 0.14% to Rs 27,253 per 10 grams in futures trade today, tracking a better trend overseas as speculation over US jobs data to be released later in the day boosted demand for the precious metal as a safe haven investment.
At the Multi Commodity Exchange, October gold moved up by Rs 38, or 0.14%, to Rs 27,253 per 10 grams, with a trading volume of 382 lots.
The December contract rose by Rs 29, or 0.11%, to Rs 27,509 per 10 grams, with an open interest for 29 lots.
Market analysts attributed the gains in gold futures prices to a firming trend overseas ahead of the release of key US jobs data, which is expected to show that the employment situation has weakened further, raising demand for the precious metal as a safe haven investment.
Meanwhile, spot gold prices climbed by $3.70 to $1,829.10 an ounce in the Asian region today.