Gold futures prices gained 0.12 per cent on the Multi Commodity Exchange(MCX) today as speculators indulged in creating fresh positions influenced by 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 December contract gained 0.12 per cent to Rs 14,880 per ten gram with an open interest of 983 lots.
Similarly, the metal for delivery in October month contract edged up by 0.11 per cent to Rs 14,876 per ten gram, clocking an open interest of 14,237 lots.
Marketmen said fresh buying by speculators in tandem with firming global trend and pick up in demand in the spot market mainly influenced the trading sentiments.
Meanwhile, gold traded higher by 0.4 per cent to $950.45 an ounce in Singapore.