New Delhi - Gold futures traded a shade higher at Rs 27,030 per ten gram today as speculators indulged in building up fresh positions amid a firming trend overseas before the US Federal Reserve begins a two-day policy meeting Tuesday.

At the Multi Commodity Exchange (MCX), metal prices for delivery in October moved up by Rs 31, or 0.11 percent, to trade higher at Rs 27,030 per ten gram, in a turnover of 77 lots.

On the similar lines, the metal prices for delivery in far-month December gained Rs 16, or 0.06 percent, to Rs 27,231 per 10 gm, in a business volume of one lot.

Analysts attributed gains in the precious metal at futures trade to a firm trend in the overseas markets as investors assessed the health of the US economy before the Federal Reserve begins a two-day policy meeting today.

Globally, gold rose 0.40 percent, to USD 1,238.58 an ounce in Singapore today. (PTI)