Gold prices rose 0.27 per cent in futures trade on Wednesday as speculators created fresh positions, taking positive cues from the global markets.
At the Multi Commodity Exchange, gold for delivery in December was up by Rs 86, or 0.27 per cent, to Rs 31,369 per 10 gm in a trade volume of 24 lots.
The metal for delivery in November moved up Rs 64 or 0.21 per cent, to Rs 31,225 per 10 gm in a turnover of 303 lots.
Market analysts said raising of bets by participants, tracking a firm trend overseas, influenced gold in futures trade here.
Meanwhile, gold was marginally higher at $1,190 an ounce in Singapore on Wednesday.