Gold prices on Thursday rose by Rs 224 to Rs 40,574 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 224, or 0.56 per cent, to Rs 40,574 per 10 gram in a business turnover of 1,145 lots.
The yellow metal for April delivery edged up by Rs 199, or 0.49 per cent, at Rs 40,775 per 10 gram in a business turnover of 1,535 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 0.45 per cent to USD 1,583.10 per ounce in New York.
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