NEW DELHI: Gold prices rose by Rs 51, or 0.27 per cent, to Rs 18,713 per ten gram in futures trade, as speculators increased their positions in line with a firming global trend.
Pick up in demand in the spot market also influenced the sentiment.
At the Multi Commodity Exchange counter, gold for December-month rose by Rs 51, or 0.27 per cent, to Rs 18,713 per ten gram, with an open interest of 2,375 lots.
The metal for delivery in October also gained Rs 49, or 0.26 per cent to Rs 18,614 per ten gram, with a business volume of 20,517 lots.
Market analysts said fresh positions created by speculators and pick up in demand in the spot market and reports of firming global trend mainly led to a rise in gold prices at futures trade.
Meanwhile, gold rose by $3 to $1,218.40 an ounce in Asian region.
