Gold prices on Thursday rose Rs 15 to Rs 38,109 per 10 gram in futures trade as speculators widened their bets on spot demand, tracking a positive trend overseas.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 15, or 0.04 per cent, at Rs 38,109 per 10 gram in a business turnover of 17,308 lots.
Gold for delivery in April next year also edged up by Rs 49, or 0.13 per cent, to Rs 38,177 per 10 gram in 1,903 lots.
Analysts said the rise in gold prices was mostly on the back of fresh positions built up by participants on strong overseas trend.
Globally, gold price was quoting 0.09 per cent up at USD 1,481.50 an ounce in New York.
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