NEW DELHI, Oct 13: Gold prices rose by Rs 215 to Rs 27,293 per 10 gram in futures trade today as speculators created fresh positions after the precious metal advanced to four-week high in global markets.
At the Multi Commodity Exchange, gold for delivery in February 2015 rose by Rs 215, or 0.79 per cent, to Rs 27,293 per 10 gram in business turnover of 12 lots.
The metal for delivery in December moved up by Rs 194, or 0.72 per cent, to Rs 27,158 per 10 gram in a turnover of 157 lots.
Analysts said recovery in the precious metal overseas as concern that global growth is slowing, stoked bets that the US Federal Reserve may push back interest-rate increases, boosting demand for a safe-haven that helped gold to trade higher at futures trade here.
Meanwhile, gold advanced as much as one per cent to USD 1,235.01 an ounce in Singapore, the highest price since September 17. (PTI)
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