Gold Futures Rise on Spot Demand
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Gold futures increase in futures trade due to firm spot demand. April delivery up Rs 848 at Rs 1,60,521 per 10 grams.
New Delhi, Mar 6 (PTI) Gold prices on Friday rose Rs 848 to Rs 1,60,521 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 848, or 0.53 per cent, at Rs 1,60,521 per 10 grams in a business turnover of 1,272 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.70 per cent to USD 5,115.76 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 848, or 0.53 per cent, at Rs 1,60,521 per 10 grams in a business turnover of 1,272 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.70 per cent to USD 5,115.76 per ounce in New York.
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