NEW DELHI: Gold prices rose by Rs 177 to Rs 26,977 per 10 grams in futures trade today as speculators created fresh positions amid positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in February was up by Rs 177, or 0.66 per cent, to Rs 26,977 per 10 grams in a business turnover of 1,045 lots. On similar lines, gold for delivery in February shot up by Rs 174, or 0.64 per cent, to Rs 27,175 per kg in a turnover of 27 lots.
Analysts said the rise in gold prices in global market, where it rose to one-month high on speculation that the US Federal Reserve will go slow in raising interest rates, influenced the prices of the precious metal at futures trade here.
The metal's rates rose by 0.4 per cent to USD 1,228.33 an ounce in Singapore.