Gold prices rose by Rs 34, 0.19 per cent, to Rs 18,317 per ten gram in futures trade today as speculators created fresh positions on hopes of pick up in spot market demand due to upcoming the festive season amid firm global cues.
At the Multi Commodity Exchange, gold for December month rose by Rs 34, or 0.19 per cent, to Rs 18,317 per ten gram with an open interest of 1568 lots.
Similarly, the metal for delivery in October gained Rs 32, or 0.18 per cent, to Rs 18,229 per ten gram in 15,889 lots.
Marketmen said fresh positions created by speculators on hopes of pick up in demand in the spot market in view of festive season and a firm trend in the global market led to the rise in gold prices in futures trade.
Meanwhile, gold rose by $3 to $1,208.40 an ounce in London.
