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Tracking a firm global trend, gold prices rose Rs 37 to Rs 31,358 per 10 grams at the futures trade today as speculators created fresh positions.
The trading sentiment bolstered after gold advanced in global markets, as holdings in bullion-backed exchange traded products climbed to a record on speculation that central banks may implement more stimulus to spur growth.
At the Multi Commodity Exchange, gold for delivery in December rose Rs 37 or 0.12 per cent to Rs 31,358 per 10 grams in a business turnover of 3,969 lots.
Similarly, the metal for delivery in February moved up by Rs 35 or 0.11 per cent to Rs 31,704 per 10 grams in 112 lots.
Market analysts attributed the rise in gold futures to a firm global trend.
Meanwhile, gold climbed 0.2 per cent to $1,771.30 an ounce in Singapore.
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