Gold prices rose by Rs 49 to Rs 31,274 per 10 gm in futures trade today as speculators enlarged their positions, taking positive cues from overseas markets.
At the Multi Commodity Exchange, February gold rose by Rs 49, or 0.16%, to Rs 31,274 per 10 gm in business turnover of 9,464 lots.
The April contract moved up by Rs 42, or 0.18%, to Rs 31,660 per 10 gm in 365 lots.
Market analysts said besides increased buying by speculators on the back of a firm global trend as speculation of more stimulus around the world lured buyers, mainly influenced gold futures.
Meanwhile, gold rose by 0.2% to $1,703.95 an ounce in Singapore.
