Gold prices rose by Rs 88 to Rs 31,783 per 10 grams in futures trade today as speculators enlarged positions, driven by a firm spot markets trend on pick up in demand.
A firm global trend also supported the uptrend at futures trade.
At the Multi Commodity Exchange, gold for delivery n December rose by Rs 88, or 0.28 per cent, to Rs 31,783 per 10 grams, with a business turnover of 11,416 lots.
Similarly, the metal for delivery in February moved up by Rs 73, or 0.23 per cent, to Rs 32,172 per 10 grams, with a business turnover of 991 lots.
Marketmen said increased buying by speculators on the back of pick up in demand in the spot market following ongoing marriage season mainly led to a rise in gold prices at futures market.
They said firming global trend also influenced the trading sentiment.
Meanwhile, gold gained 0.2 per cent to USD 1,734.50 an ounce in Singapore.