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New Delhi: Gold prices on Thursday rose by Rs 108 to Rs 50,156 per 10 gram in futures trade as speculators created fresh positions on firm spot demand. On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 108, or 0.22 per cent, at Rs 50,156 per 10 gram in a business turnover of 15,404 lots.
Fresh positions built up by participants led to the rise in gold prices, analysts said.
Gold prices traded 0.24 per cent higher at USD 1,895.40 per ounce in New York.
This article was originally published by Indiatimes.com. Read the original article here.