Gold prices on Wednesday increased ₹49 to ₹97,260 per 10 grams in futures trade, as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher by ₹49, or 0.05%, at ₹97,260 per 10 grams in a business turnover of 10,695 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.41% to USD 3,338.05 per ounce in New York.
