Also Read - Gold Price Today: Yellow Metal Rates Slip Third Day in a Row, Best Time to Buy Now

New Delhi, May 22: Gold prices rose by Rs 76 to Rs 27,421 per 10 grams in futures trade today as speculators created fresh positions amid a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in August rose by Rs 76, or 0.33 per cent, to Rs 27,421 per 10 grams in a business turnover of 14 lots. (Read: World Gold Council: India’s Q1 gold demand up 15 percent) Also Read - Gold Price Today, January 22: Yellow Metal Slips Below 49,400 | Check Rates in Your City

The metal for delivery in June moved up by Rs 77, or 0.28 per cent, to Rs 27,185 per 10 grams in a turnover of 528 lots. Analysts said gains in the precious metal overseas after minutes of a US Fed meeting signalled borrowing costs wont be raised in June influenced gold prices at futures trade here. Meanwhile, gold advanced as much as 0.2 per cent to USD 1,207.09 an ounce in Singapore. Also Read - Gold Price Today: Yellow Metal Crosses Rs 50,000-mark Yet Again | Check Price in Your City