Gold prices on Monday rose Rs 771 to Rs 46,065 per 10 gram in futures trade as speculators indulged in creating fresh positions on firm spot demand.
On the Multi Commodity Exchange, gold contracts for June traded higher by Rs 771, or 1.7 per cent, to Rs 46,065 per 10 gram in a business turnover of 17,577 lots.
The yellow metal for August delivery edged up by Rs 737, or 1.62 per cent, to Rs 46,223 per 10 gram in a business turnover of 1,986 lots.
Fresh positions built up by participants on spot demand mainly led to rise in gold prices, analysts said.
Globally, gold prices fell 0.61 per cent to USD 1,742.10 per ounce in New York.