Gold futures rose by 0.63% to Rs 27,884 per 10 grams today as speculators created fresh positions on the back of a firming trend overseas.
At the Multi Commodity Exchange, gold for delivery in April rose by Rs 174, or 0.63%, to Rs 27,884 per 10 grams, with a business turnover of 297 lots.
Likewise, the metal for delivery in February gained Rs 168, or 0.61%, to Rs 27,550 per 10 grams, with a trading volume of 6,240 lots.
Market analysts attributed the rise in gold futures to a firming trend overseas on geopolitical tensions over Iran, spurring investors to buy the precious metal as a haven.
Meanwhile, gold rose by 1.10% to $1,583.60 an ounce in Singapore.
