Gold marginally rise to Rs 27,336…

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Gold prices rose 0.21 per cent to Rs. 27,336 per 10 grams at the futures trade as speculators created fresh positions taking positive cues from the global market. At the Multi Commodity Exchange, gold for delivery in far-month April was up by Rs. 58, or 0.21 per cent, to Rs. 27,336 per 10 gram in a business turnover of 38 lots.

The precious metal for delivery in February moved up by Rs. 34, or 0.13 per cent, to Rs. 27,193 per 10 gram in a turnover of 1,765 lots. Analysts said fresh positions built-up by participants following overnight gains in the global market as declines in equity market revived the demand for the metal as a safe-haven, mainly influenced gold prices at the futures trade here.

Meanwhile, gold rose to $1,238.32 an ounce in New York, the highest price since October 23.

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