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Tracking a firming trend overseas, gold gained 0.17 per cent to Rs 23,215 per 10 grams in futures trade today.
At the Multi Commodity Exchange, gold for delivery in August gained Rs 39 or nearly 0.17 per cent to Rs 23,215 per 10 grams, with a business turnover of 81 lots.
Similarly, the yellow metal for delivery in October moved up by Rs 36 or 0.11 per cent to Rs 23,543 per 10 grams, with a turnover of 1,658 lots. It had ended 0.06 per cent lower at Rs 23,507 per 10 grams in yesterday’s trade.
Analysts attributed the rise in gold futures prices to a firming trend overseas as concern that global economic growth may be slowing, increased the demand for wealth protection.
A weaker rupee, which makes the dollar-denominated gold expensive also supported the upside in precious metal prices, they added.
Meanwhile, gold rose by $3.50 to $1,623.80 an ounce in the Asian region.
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