Gold prices on Wednesday rose by Rs 12 to Rs 37,583 per 10 gram in futures trade as speculators widened their bets on spot demand, tracking a firm trend overseas.
On the Multi Commodity Exchange, gold contracts for the February delivery traded higher by Rs 12, or 0.03 per cent, at Rs 37,583 per 10 gram in a business turnover of 16,362 lots.
Gold for delivery in April next year also edged up by Rs 20, or 0.05 per cent to Rs 37,678 per 10 gram in a business turnover of 2,358 lots.
Analysts said the rise in gold prices was mostly on the back of fresh positions built up by participants on positive overseas trend.
Globally, gold price was quoting 0.05 per cent up at USD 1,468.80 an ounce in New York.
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