Gold Prices Increase Driven by Speculative Activity.webp


New Delhi, February 13 Gold prices rose by Rs 1,044 to Rs 1,53,880 per 10 grams in futures trading on Friday, as speculators created fresh positions due to strong spot demand.

On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 1,044 or 0.68 per cent at Rs 1,53,880 per 10 grams, with a business turnover of 1,538 lots.

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

Globally, gold futures rose by 0.81 per cent to USD 4,962 per ounce in New York.
 
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