New Delhi: Gold prices rose by Rs 156 to Rs 32,404 per 10 gm in futures trade on Monday as speculators created fresh position, tracking a firm trend at spot market on the back of wedding season demand even as metal decline in overseas market.

At the Multi Commodity Exchange, gold for delivery in December rose by Rs 156, or 0.48 per cent to Rs 32,404 per 10 grams in business turnover of 6,107 lots.
    
Similarly, the yellow metal for delivery in the February contract moved up by Rs 150, or 0.46 percent to Rs 32,775 per 10 grams in 1,616 lots.
    
Market analysts said fresh positions created by speculators largely in tandem with a firming trend at spot markets on wedding season demand, led to rise in gold prices at futures trade.
    
Meanwhile, gold declined 0.3 percent to 1,748.55 dollar an ounce in Singapore.

(Agencies)

Latest News  from Business News Desk