Gold prices surged Rs 1,065 to Rs 97,140 per 10 grams in futures trade on Tuesday, as speculators created fresh positions amid firm demand in the spot market.
On the Multi Commodity Exchange (MCX), gold contracts for August delivery were trading Rs 1,065 or 1.11% higher, with a turnover of 13,124 lots.
Analysts attributed the uptick in prices to fresh buying by participants, driven by strong demand in the physical market.