Gold Prices Increase Driven by Speculative Activity.webp

New Delhi, February 19 Gold prices rose by Rs 365 to Rs 1,56,126 per 10 grams in futures trading on Thursday, as speculators created fresh positions due to strong spot demand.

On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 365, or 0.23 per cent, at Rs 1,56,126 per 10 grams in a trading volume of 1,071 lots.

Analysts said that the increase in gold prices was due to the fresh positions taken by participants.

Globally, gold futures rose by 0.48 per cent to USD 5,001.54 per ounce in New York.
 
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