Gold futures up on good spot demand

The metal for delivery in June moved up by Rs 21, or 0.07 percent, to Rs 28,380 per 10 grams, with a business turnover of 513 lots.

Updated: Mar 12, 2012, 14:02 PM IST

New Delhi: Gold prices rose by Rs 28 to Rs 28,010 per 10 grams in futures trade today as speculators created fresh positions on expectations of a rise in spot market demand during the marriage season.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs 28, or 0.10 percent, to Rs 28,010 per 10 grams, with a business turnover of 6,579 lots.

The metal for delivery in June moved up by Rs 21, or 0.07 percent, to Rs 28,380 per 10 grams, with a business turnover of 513 lots.

Market analysts said speculators created fresh positions on expectations of a rise in demand during the marriage season, which led to the rise in gold prices at futures market.

PTI