Gold prices on Thursday rose by Rs 102 to Rs 1,43,807 per 10 grams in futures trade. Speculators created fresh positions on firm spot demand, pushing the December contract higher on the Multi Commodity Exchange. Analysts said fresh positions by market participants led to a rise in the precious metal's prices.
Gold prices on Thursday rose by Rs 102 to Rs 1,43,807 per 10 grams in futures trade as speculators created fresh positions on firm spot demand.
On the Multi Commodity Exchange, the yellow metal contract for December delivery traded higher by Rs 102, or 0.07 per cent, at Rs 1,43,807 per 10 grams in a business turnover of 811 lots.
Fresh positions by market participants led to a rise in precious metal's prices, analysts said.
Gold futures fell 0.58 per cent to USD 4,043.77 per ounce in New York.