Gold prices on Monday rose Rs 87 to Rs 37,860 per 10 gram in futures trade as speculators widened their bets on spot demand.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 87, or 0.23 per cent, at Rs 37,860 per 10 gram in a business turnover of 16,061 lots.
Gold for delivery in April next year also edged up by Rs 117, or 0.31 per cent, to Rs 37,923 per 10 gram in 3,021 lots.
Analysts said the rise in gold prices was mostly on the back of fresh positions built up by participants on spot demand.
However, gold price was quoting 0.10 per cent down at USD 1,479.70 an ounce in New York.
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