Gold futures increase on spot demand; Silver futures rise to Rs 2.29 lakh/kg

New Delhi: Gold prices on Monday rose by Rs 518 to Rs 1,44,800 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 518, or 0.36 per cent, at Rs 1,44,800 per 10 grams in a business turnover of 25 lots.

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

Globally, gold futures rose 0.78 per cent to USD 4,528.23 per ounce in New York.

Silver prices rose 0.88 per cent to Rs 2,29,951 per kg in the futures trade on Monday amid global uncertainties.

On the Multi Commodity Exchange, the white metal for May delivery increased Rs 1,997, or 0.88 per cent, to Rs 2,29,951 per kilogram in a business turnover of 1,327 lots.

Fresh positions built up by participants led to a rise in silver prices, analysts said.

In the overseas market, Comex silver futures increased USD 0.92 or 1.32 per cent, to USD 70.68 per ounce.