At the Multi Commodity Exchange, gold for delivery in far-month October spurted by Rs 963, or 3.48 per cent, to Rs 28,627 per 10 grams, with a business turnover of 1,522 lots.
The metal for delivery in August rose by Rs 888, or 3.22 per cent, to Rs 28,501 per ten grams, with a trade volume of 23,730 lots.
Marketmen said increased positions built-up by speculators after the precious metal rallied to over three-month high in global markets as Middle East tension spurred safe-haven demand, influenced gold futures here.