Gold prices on Thursday rose Rs 56 to Rs 39,123 per 10 gram in futures market as speculators increased their bets even as the metal traded flat overseas.
On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 56, or 0.14 per cent, at Rs 39,123 per 10 gram with a business turnover of 1,697 lots.
The yellow metal for April delivery surged by Rs 186, or 0.48 per cent, at Rs 39,250 per 10 gram in a business turnover of 257 lots.
Fresh positions built up by participants led to the rise in gold prices, analysts said.
Globally, gold prices held flat at 1,522.90 per ounce in New York.
Silver
Silver prices on Thursday rose by Rs 57 to Rs 46,722 per kg in futures trade as participants widened their bets amid a firm trend in precious metals overseas.
On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 57, or 0.12 per cent, to Rs 46,722 per kg in 2,865 lots.
Similarly, the white metal for delivery in May was trading higher by Rs 61, or 0.13 per cent, to Rs 47,230 per kg in 10 lots.
Traders said fresh bets by participants in line with a firm trend in global markets mainly led to rise in silver futures.
In the international market, silver was up 0.05 per cent at $17.93 an ounce in New York.
Source: Economic Times
