Gold prices rose by Rs 48 or 0.27 per cent to Rs 18,050 per ten gram in futures trade today, as traders created fresh positions influenced by a firming global trend.
At the Multi Commodity Exchange, gold for May-month contract rose Rs 48, or 0.27 per cent to Rs 18,050 per ten gram, with an open interest of 11,701 lots.
The metal for delivery in August contract also moved up by Rs 47, or 0.26 per cent to Rs 18,125 per ten gram, with a business turnover of 5,036 lots.
Market experts said fresh buying by traders influenced by a firming global trend led to a rise in gold prices at futures trade.
Meanwhile, gold climbed 0.7 per cent to $1,184.82 an ounce in the Asian region.