Gold prices rose 0.24 per cent to Rs 31,002 per 10 gram at the futures trade as participants created fresh positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in June rose Rs 73 or 0.24 per cent to Rs 31,002 per 10 gram in a business turnover of 331 lots. Likewise, the yellow metal for delivery in far-month August moved up by Rs 52 or 0.17 per cent to Rs 31,190 per 10 gram in five lots.

Analysts said fresh positions built up by traders in line with a firm trend overseas, after falling almost one per cent to hit the lowest level level this year in the previous session on the back of a firm US dollar, influenced gold prices at the futures trade.

Globally, gold rose 0.48 per cent to $1,309.90 an ounce in Singapore.

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