Gold prices rose by Rs 70, or 0.38 per cent, to Rs 18,702 per ten gram in futures market today, as speculators created fresh positions on the back of a firming global trend.
At the Multi Commodity Exchange, the gold for August contract rose by Rs 70, or 0.38 per cent, to Rs 18,702 per ten gram, with an open interest of 18,556 lots.
Similarly, the metal for delivery in October-month contract gained Rs 70, or 0.37 per cent, to Rs 18,790 per ten gram, with a business volume of 1,798 lots.
Market analysts said fresh buying by speculators in tandem with a firming global trend mainly led to a rise in gold prices at futures trade.
Meanwhile, gold traded marginally higher by 0.02 per cent to $1,238.80 an ounce in the Asian region.
