NEW DELHI: Supported by firming trend in global markets, gold futures prices rose by Rs 49 to Rs 16,987 per ten gram on Monday as traders enlarged their positions.
Pick up in demand in the spot markets on account of marriage season also supported the uptrend.
Gold for far-month August contract gained by Rs 49, or 0.29 per cent, to Rs 16,987 per ten gram at the Multi Commodity Exchange with an open interest of 239 lots.
The precious metal for delivery in April also moved up by Rs 41, or 0.24 per cent, to Rs 16,857 per ten gram in 13,994 lots.
Market analysts said the rise in gold prices at futures market was mostly attributed to firming global trend.
Meanwhile, gold gained 1.1 per cent to USD 1,131 an ounce in Asian region, the highest since January 20.
