According to the latest figures released, the gold prices have risen to reclaim the Rs. 27,000 per ten grams level on the bullion market in Mumbai on Thursday.

The price of the shiny metal rose due to strong buying in the country following a fall in the price of gold. The price of standard gold of 99.5 per cent purity was trading Rs. 360 higher at Rs. 26,930 while pure gold of 99.9 per cent purity was trading at Rs. 27,070 per ten grams. Silver also rose Rs. 450 to Rs. 45,050 per kg on Thursday.

In the futures trade, the gold prices continued to record an increase as it advanced Rs. 250 points backed by high estimated demand in the coming future and strong trends in the global markets. Gold for delivery in June increased Rs. 253 and was trading at Rs 26,641 per ten grams at the Multi Commodity Exchange (MCX) today.

In the international markets, the price of gold increased 1.01 per cent to US$ 1,447.00 per ounce, indicating that the prices might further rise in global trade. Gold rose 1.1 per cent to $1,447.25 an ounce in Singapore trade.