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Gold prices on Monday rose by ₹1,283 to ₹1.63 lakh per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, the yellow metal contracts for October delivery traded higher by ₹1,283, or 0.79 per cent, at ₹1,63,721 per 10 grams in a business turnover of 3,424 lots.
Fresh positions built up by participants led to a rise in precious metal prices, analysts said.
Globally, gold futures increased 0.99 per cent to $4,648.78 per ounce in New York.