On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 16, or 0.04 per cent, to Rs 39,929 per 10 gram in a business turnover of 1,707 lots.
Fresh positions built up by participants taking positive cues from global markets mostly led to rise in gold prices, analysts said.
Globally, gold prices rose 0.02 per cent to USD 1,577 per ounce in New York. VHP SHW SHW