Gold futures top Rs 47,600 mark on firm spot demand

NEW DELHI: Gold prices on Monday rose by Rs 277 to Rs 47,630 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 277, or 0.58 per cent, at Rs 47,630 per 10 gram in a business turnover of 11,447 lots.

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

Gold prices traded 0.02 per cent higher at USD 1,781.30 per ounce in New York.

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