Gold prices on Monday rose by Rs 122 to Rs 38,113 per 10 gram in futures trade as speculators widened their bets in line with positive overseas trend.
On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 122, or 0.32 per cent, at Rs 38,113 per 10 gram in a business turnover of 1,481 lots.
The yellow metal for April delivery also traded higher by Rs 108, or 0.02 per cent, at Rs 38,178 per 10 gram in a business turnover of 49 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 0.28 per cent to USD 1,485 per ounce in New York.
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