Gold prices rose by Rs 83 to Rs 23,139 per 10 grams in futures trading today, taking positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in December shot up by Rs 83, or 0.36% to Rs 23,139 per 10 grams, with a business turnover of 75 lots.
Likewise, the metal for delivery in June moved up by Rs 47, or 0.21% to Rs 22,348 per 10 grams in 8,540 lots.
Market analysts said a firming trend in the global markets as the deepening concern over Europe's sovereign debt crisis spurred the demand for the precious metals as an alternative investment.
Also, a better trend at the spot market influenced gold prices at futures trade here, they added. Meanwhile, gold rose by $2.55, or 0.2% to $1,519.57 an ounce in London.
