Gold futures prices rose by Rs 106 to Rs 24,044 per 10 grams today as speculators created fresh positions on hopes of rise in demand, amid a firming global trend.
At the Multi Commodity Exchange, gold for delivery in far-month February rose by Rs 106, or 0.44%, to Rs 24,044 per 10 grams, with a business turnover of 39 lots.
Likewise, the metal for August delivery edged up by Rs 22, or 0.10%, to Rs 23,067 per 10 grams, with a trade volume of 2,942 lots.
Market analysts said fresh buying by speculators on expectations of pick up in demand in the spot market during festival season, amid a firming global trend mainly led to rise in gold futures prices.
Meanwhile, gold rose by $3.10 to $1,617.20 an ounce in New York last night.
