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Gold prices rose Rs 175 to Rs 26,857 per 10 gram at the futures trade after speculators widened positions amid a better trend overseas.
On the Multi Commodity Exchange, gold for delivery in October was up by Rs 175 or 0.66 per cent to Rs 26,857 per 10 gram in a business turnover of 1,363 lots.
The metal for delivery in far-month December moved up by Rs 165 or 0.61 per cent to Rs 27,046 per 10 gm in a turnover of 42 lots.
Analysts said the rise in gold prices at the futures trade was mostly in line with a firm trend overseas after a factory gauge in China shrank to a three-year low, deepening concern about the slowdown in the world’s second-biggest economy and boosting demand for the metal as a safe haven.
Meanwhile, gold rose as much as 0.7 per cent to $1,142.79 an ounce in Singapore.
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