Gold prices rose by Rs 125, or 0.71 per cent, to Rs 17,764 per ten gram in futures trade today as speculators indulged in creating fresh positions, supported by a firm global trend.
At the Multi Commodity Exchange counter, gold for August month rose by Rs 125, or 0.71 per cent, to Rs 17,764 per ten gram with an open interest of 730 lots.
Similarly, the metal for delivery in October month gained Rs 61, or 0.34 per cent, to Rs 17,923 per ten gram in 15,928 lots.
Market analysts said fresh buying by speculators on hopes of pick up in demand at the spot market in festive season amid a firming global trend mainly led to the rise in gold prices at the futures trade.
Meanwhile, gold traded marginally higher by 0.06 per cent to $1,182.70 an ounce in the Asian region.
