Gold prices rise Rs 1,309 to Rs 1.54 lakh per 10 grams

Gold prices rose Rs 1,309 to Rs 1,54,290 per 10 grams in futures trade on Friday as speculators created fresh positions amid firm spot demand. Gold futures also gained 1.16 per cent in New York to USD 4,392.24 per ounce

New Delhi: Gold prices on Friday rose by Rs 1,309 to Rs 1,54,290 per 10 grams in futures trade as speculators created fresh positions amid firm spot demand.

On the Multi Commodity Exchange, the gold contract for October delivery traded higher by Rs 1,309, or 0.86 per cent, at Rs 1,54,290 per 10 grams, with a business turnover of 2,156 lots.

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Fresh positions by market participants led to a rise in precious metal prices, analysts said.

Gold futures rose 1.16 per cent to USD 4,392.24 per ounce in New York.