Gold prices rose by Rs 70 to Rs 18,437 per ten gram in futures trade today on emergence of buying after better trend in overseas markets.
Trading sentiment turned better after gold climbed in global markets on speculation that the precious metal’s drop to the lowest level in almost six weeks is prompting some investors to increase holdings.
At the Multi Commodity Exchange counter, gold for August month rose by Rs 70, or 0.38 per cent to Rs 18,437 per ten gram with an open interest of 19082 lots.
Similarly, the metal for October month moved up by Rs 64, or 0.35 per cent to Rs 18,521 per ten gram in 2531 lots.
Marketmen said fresh buying by speculators amid firming trend in global markets mainly led to rise in gold prices at futures trade.
Meanwhile, gold rose 0.2 per cent to 1,204.73 dollar an ounce in Asian region.
