New Delhi, February 25 Gold prices rose by Rs 1,322 to Rs 1,61,291 per 10 grams in futures trading on Wednesday, as speculators created fresh positions due to strong spot demand.
On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 1,322, or 0.83 per cent, at Rs 1,61,291 per 10 grams, with a business turnover of 1,671 lots.
Analysts said that the rise in gold prices was due to fresh positions taken by participants.
Globally, gold futures rose 0.98 per cent to USD 5,194.01 per ounce in New York.