Gold prices rose by Rs 100 or 0.59 per cent to Rs 17,037 per ten gram in the futures market today, as traders created fresh positions influenced by a firming global trend.

At the Multi Commodity Exchange, gold for June contract rose by Rs 100 or 0.59 per cent to Rs 17,037 per ten gram with an open interest of 17,688 lots.

Similarly, the metal for delivery in August contract gained Rs 99 or 0.58 per cent to Rs 17,120 per ten gram in a business turnover of 1,168 lots.

The fresh rise in gold prices at futures market led to a firming global trend, traders said.

Meanwhile, gold recorded a handsome gain of USD 15.40 to USD 1168.40 an ounce in New York last evening.

Keywords: goldfutures market

More In: Markets | Business