Gold futures prices continued to rise for the second straight day by gaining 0.18 per cent on the Multi Commodity Exchange(MCX) today as speculators increased their positions in tandem with firming global trend.
Pick up in demand in view of the ongoing festivals and coming marriage season also supported the uptrend.
Gold for far-month October contract gained 0.18 per cent to Rs 14,965 per ten gram with an open interest of 14,425 lots. It had gained 0.12 per cent in the previous day's trading.
Similarly, gold for delivery in December month contract traded 0.17 per cent higher at Rs 14,968 per ten gram with an open interest of 1,033 lots.
Marketmen said increased buying by speculators in tandem with firming global trend and pick up in demand in the spot market due to festival season mainly led to rise in gold prices at futures market here.
Meanwhile, gold traded higher in Hong Kong at 955.00 dollars an ounce against the previous close of 952.00.