New Delhi: Gold prices rose by Rs 101 to Rs 26,865 per 10 grams in futures trade as speculators created fresh positions after the precious metal rebounded from the biggest decline in a week in the global markets.
At the Multi Commodity Exchange, gold for delivery in far-month February next year contracts was up by Rs 101, or 0.38 percent, to Rs 26,865 per 10 grams in a business turnover of 254 lots.
Analysts said recovery in gold prices in the global market, where it rebounded from the biggest decline in a week as retreat in equities spurred demand for an alternative investment, influenced gold prices at futures trade here.
The metal's rates rose by 0.4 percent to USD 1,188.13 an ounce in Singapore.
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