Gold prices rose by Rs 156 to Rs 32,404 per 10 gm in futures trade today as speculators created fresh position, tracking a firm trend at spot market on the back of wedding season demand even as metal decline in overseas market.
At the Multi Commodity Exchange, the December contract for gold rose by Rs 156, or 0.48% to Rs 32,404 per 10 grams in business turnover of 6,107 lots.
The February contract moved up by Rs 150, or 0.46% to Rs 32,775 per ten grams in 1,616 lots.
Market analysts said fresh positions created by speculators largely in tandem with a firming trend at spot markets on wedding season demand, led to rise in gold prices at futures trade.
Meanwhile, gold declined 0.3% to 1,748.55 dollar an ounce in Singapore.
Explore Business Standard