Gold prices rose by Rs 108 to Rs 32,109 per 10 gram in futures trade on Thursday as speculators widened their bets, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 108, or 0.34 per cent, to Rs 32,109 per 10 gram, in a business turnover of 15,159 lots. Similarly, the March rates for the precious metal was up by Rs 119, or 0.37 per cent, to Rs 32,194 per 10 gram with a business volume of 4,505 lots.

Analysts said raising of bets by participants, taking positive cues from global market as weakness in dollar raised demand for the precious metal as a safe-haven, mainly pushed up gold prices. Globally, gold rose 0.53 per cent to trade at $ 1,296.17 an ounce in Singapore.