Gold futures prices surged by 0.22 per cent to Rs 20,033 per 10 gram on Friday, after speculators continued to enlarge their positions, driven by a firm trend overseas.
Sentiments remained firm after the precious metal strengthened in global markets, as a weaker dollar boosted demand for an alternative investment.
Besides, better demand at the domestic spot markets for the ongoing marriage season also influenced gold futures prices.
The gold at the Multi Commodity Exchange counter for the December contract gained by Rs 53, or 0.22 per cent, to Rs 20,033 per 10 grams. The contract recorded a business volume of 1,513 lots.
The yellow metal for February-month contract also rose by Rs 44, or 0.15 per cent to Rs 20,232 per 10 gram, with a business turnover of 220 lots.
Globally, gold shot up by USD 21.30, or 1.6 per cent to USD 1,357.30 an small amount in London on Thursday evening.
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