New Delhi: Gold futures rose by 0.63 percent to Rs 27,884 per 10 grams on Tuesday as speculators created fresh positions on the back of a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs 174, or 0.63 percent, to Rs 27,884 per 10 grams, with a business turnover of 297 lots.
    
Likewise, the metal for delivery in February gained Rs 168, or 0.61 percent, to Rs 27,550 per 10 grams, with a trading volume of 6,240 lots.

Market analysts attributed the rise in gold futures to a firming trend overseas on geopolitical tensions over Iran, spurring investors to buy the precious metal as a haven.
    
Meanwhile, gold rose by 1.10 percent to USD 1,583.60 an ounce in Singapore.

(Agencies)