Gold prices rose by Rs 93 to Rs 22,241 per 10 grams in futures trade today as speculators enlarged their positions in tandem with a firming global trend.
Trading sentiment turned better as gold and silver advanced in global markets as faster-than-forecast inflation in China and a resurgence of Europe's sovereign-debt crisis increased demand for precious metals as a store of value.
At the Multi Commodity Exchange, gold for June delivery rose by Rs 93, or 0.42% to Rs 22,241 per 10 grams with a business volume of three lots.
Similarly, the metal for delivery in August moved up by Rs 95, or 0.42% to Rs 22,529 per 10 grams, with an open interest of a single lot.
Market analysts said apart from a firming global trend, increased buying by speculators mainly pushed up gold futures prices.
Meanwhile, gold gained 0.5% to $1,524.40 per ounce in Asian region.
