Gold prices in India rose by Rs 221 to Rs 71,435 per 10 grams on Friday, driven by increased speculative buying and firm spot demand. Global gold futures also rose.
New Delhi, Apr 26 (PTI) Gold price on Friday rose Rs 221 to Rs 71,435 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher Rs 221 or 0.31 per cent at Rs 71,435 per 10 grams in a business turnover of 19,552 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures went up by 0.61 per cent at USD 2,357.60 per ounce in New York.
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