Gold marginally up at Rs 27,369/10 gram in futures trade

NEW DELHI: Gold prices rose by Rs 40, or 0.15 per cent, to Rs 27,369 per 10 grams in futures trade today as speculators indulged in created fresh position on pick-up in demand in the spot market amid weakness in the rupee.

At the Multi Commodity Exchange counter, gold for delivery in February rose by Rs 40, or 0.15 per cent, to Rs 27,369 per 10 grams, with a business turnover of 1,254 lots.

Similarly, the metal for delivery in April gained Rs 34, or 0.12 per cent, to Rs 27,696 per 10 grams, with a business volume of 60 lots.

Analysts attributed the rise in gold prices to a weakening rupee, which plays an important role in fixing the landed cost of the dollar-traded metal.

Also, absence of cues as most of the global markets are closed on account of New Year, also shadowed the sentiments, they said.