Gold prices rose by Rs 47 to Rs 20,652 per 10 grams in futures trade today after speculators created fresh positions as metal prices rebounded in overseas markets.
Trading sentiments turned better as gold recovering from the lowest level in a month in Asia, as Asian equities and oil rebounded after the twin risks of geopolitical tensions in the West Asia and Japan's strongest earthquake shook investor confidence.
At the Multi Commodity Exchange, gold for April contract rose by Rs 47, or 0.23%, to Rs 20,652 per 10 grams, with a trade volume of just one lot.
Likewise, the metal for delivery in June moved up by Rs 43, or 0.21%, to Rs 20,950 per 10 grams, with business turnover of just two lots.
Market analysts said fresh buying by speculators in line with a firming trend in Asian region mainly led to rise in gold futures prices.
Meanwhile, gold rose by 0.3% to $1,400.38 an ounce in Asian region.
