Gold futures rise on spot demand
However, a weak global trend restricted the gains.
Gold prices rose by Rs 73 to Rs 31,394 per 10 grams in futures trade today as speculators created fresh positions on hopes a rise in spot market demand for the coming festival and marriage season.
However, a weak global trend restricted the gains.
At the Multi Commodity Exchange, the December contract for gold rose by Rs 73, or 0.23%, to Rs 31,394 per 10 grams, with a business turnover of 12,002 lots.
The February contract traded higher by a same margin to Rs 31,747 per 10 grams in 374 lots.
Marketmen said fresh positions created by speculators on expectations of a rise in demand in the spot market during the coming festival and marriage season mainly led to a rise in gold prices at futures trade.