Gold prices rose for the second day by adding another Rs 62 or 0.38 per cent, to Rs 16,521 per ten gram in futures trading today on sustained buying in tandem with a firming global trend.
Increased demand in spot market further fueled the uptrend.
At the Multi Commodity Exchange, gold for delivery in August rose Rs 62 or 0.38 per cent, to Rs 16,521 per ten gram, with an open interest of 593 lots.
The April contract also gained Rs 41 or 0.25 per cent to Rs 16,332 per ten gram in 8,349 lots.
Marketmen said sustained buying by traders in tandem with a firming global trend, mainly led to a rise in gold prices at futures market.
Meanwhile, gold rose by $6 to $1,109.30 an ounce in Asia.