Gold prices on Friday rose by Rs 94 to Rs 39,780 per 10 gram in futures trade as speculators increased their bets in tandem with positive overseas trend.
On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 94, or 0.24 per cent, at Rs 39,780 per 10 gram in a business turnover of 1,19,280 lots.
The yellow metal for April delivery also traded higher by Rs 81, or 0.2 per cent, at Rs 39,900 per 10 gram in a business turnover of 11,348 lots.
Fresh positions built up by participants taking positive cues from global markets mostly led to the rise in gold prices, analysts said.
Globally, gold prices rose 0.31 per cent to USD 1,555.30 per ounce in New York.
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