On the Multi Commodity Exchange, gold contracts for April traded higher by Rs 292, or 0.71 per cent, to Rs 41,671 per 10 gram in a business turnover of 1,428 lots.
The yellow metal for June delivery edged up by Rs 190, or 0.45 per cent, to Rs 42,295 per 10 gram in a business turnover of 848 lots.
Fresh positions built up by participants on spot demand mainly led to rise in gold prices, analysts said.
Globally, gold prices declined 0.41 per cent to $1,656.40 per ounce in New York.
Silver
Silver prices on Wednesday rose 1.62 per cent to Rs 41,180 per kg in futures trade as participants widened their bets amid a firm trend in precious metal overseas.
On the Multi Commodity Exchange, silver contracts for May delivery gained Rs 656, or 1.62 per cent, to Rs 41,180 per kg in 2,548 lots.
Similarly, the white metal for delivery in July was trading higher by Rs 713, or 1.74 per cent, to Rs 41,613 per kg in 132 lots.
Traders said fresh bets by participants in line with a firm trend in global markets mainly led to rise in silver futures.
In the international market, silver was quoting 2.16 per cent higher at $14.57 an ounce in New York.
