Gold futures prices today rose by 0.23% to Rs 30,719 per 10 grams as speculators enlarged positions after the metal climbed to nearly a three-month high in global markets.
Weaker dollar increased its appeal as an alternative investment.
At the Multi Commodity Exchange, gold for delivery in December rose by Rs 70, or 0.23%, to Rs 30,719 per 10 grams, with a business turnover of 66 lots.
The October contract moved up by Rs 68, or 0.22%, to Rs 30,386 per 10 grams in 1,590 lots.
Marketmen said the rise in gold futures was due to a firm global trend, where it surged to a three-month high as weaker dollar raised the appeal for the precious metal as an alternative investment.
Besides, firm demand at domestic spot markets also supported the uptrend, they added.
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Meanwhile, gold gained 0.02% to $1,639 an ounce in Singapore.
It reached $1,641.48 an ounce yesterday, the highest since May 7.