Gold futures move higher on firm spot demand

Gold futures move higher on firm spot demand

NEW DELHI: Gold prices on Thursday rose by Rs 272 to Rs 46,880 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 272, or 0.58 per cent, at Rs 46,880 per 10 gram in a business turnover of 11,629 lots.

Fresh positions built up by participants led to the rise in gold prices, analysts said.

Gold prices traded 0.51 per cent higher at USD 1,745.10 per ounce in New York.

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