Gold futures increase on spot demand
NEW DELHI: (Feb 27) Gold prices on Friday rose Rs 890 to Rs 1,60,599 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 890, or 0.56 per cent, at Rs 1,60,599 per 10 grams in a business turnover of 7,735 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
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