Gold Futures Rise on Spot Demand
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Gold futures increase in futures trade due to firm spot demand. April gold up Rs 890 to Rs 1,60,599 per 10 grams.
New Delhi, Feb 27 (PTI) Gold prices on Friday rose Rs 890 to Rs 1,60,599 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 890, or 0.56 per cent, at Rs 1,60,599 per 10 grams in a business turnover of 7,735 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.26 per cent to USD 5,199.66 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 890, or 0.56 per cent, at Rs 1,60,599 per 10 grams in a business turnover of 7,735 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.26 per cent to USD 5,199.66 per ounce in New York.
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