New Delhi: Gold prices rose 0.39 per cent to Rs 26,984 per 10 grammes in futures trade on May 6 as speculators created fresh positions, taking positive cues from global markets. At the Multi Commodity Exchange, gold for delivery in June was up by Rs 104 or 0.39 per cent to Rs 26,984 per 10 gm in a business turnover of 278 lots.
The metal for delivery in far-month August moved up by Rs 91 or 0.34 per cent to Rs 27,185 per 10 gm in a turnover of seven lots. Market analysts said rise in the precious metal in global markets amid speculation that a rebound in energy costs will hasten US inflation, boosting demand for bullion as a safe-haven, influenced gold prices at futures trade here.
Gold prices spurted by Rs 220 to Rs 27,220 per 10 gm in the national capital in yesterday's trade. Meanwhile, gold climbed as much as 0.1 per cent to USD 1,194.78 an ounce in Singapore on May 6.
