Gold futures soared Rs 1,326 to Rs 98,030 per 10 grams on Thursday, as speculators created fresh positions amid robust spot demand.

On the Multi Commodity Exchange (MCX), gold contracts for August delivery climbed 1.37% to Rs 98,030 per 10 grams, with a trading volume of 13,669 lots.

Analysts said the surge in prices was driven by increased buying interest from participants, supported by a firm trend in the physical market.