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Gold futures rise on firm demand

Press Trust of India  |  New Delhi 

Gold prices on Thursday rose Rs 147 to Rs 37,672 per 10 gram in the futures trade as speculators widened their bets on spot demand, tracking a firm trend overseas.

On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 147, or 0.39 per cent, at Rs 37,672 per 10 gram in a business turnover of 5,173 lots.

Gold for delivery in February next year also edged up by Rs 182, or 0.48 per cent, to Rs 37,729 per 10 gram in a business turnover of 14,561 lots.

Analysts said the rise in gold prices was mostly on the back of fresh positions built up by participants on positive overseas trend.

Globally, gold price was quoting 0.17 per cent up at USD 1,463.30 an ounce in New York.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 28 2019. 14:55 IST