Gold futures gain on spot demand
Gold prices traded 0.04 per cent higher at USD 1,818.20 per ounce in New York.
By PTI |
Gold prices on Wednesday rose by Rs 90 to Rs 48,657 per 10 gram in futures trade as speculators created fresh positions on firm spot demand.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 90, or 0.19 per cent, at Rs 48,657 per 10 gram in a business turnover of 12,892 lots.
Fresh positions built up by participants led to the rise in gold prices, analysts said.
Gold prices traded 0.04 per cent higher at USD 1,818.20 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 90, or 0.19 per cent, at Rs 48,657 per 10 gram in a business turnover of 12,892 lots.
Fresh positions built up by participants led to the rise in gold prices, analysts said.
Gold prices traded 0.04 per cent higher at USD 1,818.20 per ounce in New York.
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