Gold prices on Thursday rose by Rs 192 to Rs 40,676 per 10 gram in futures trade as speculators widened their bets in line with positive overseas trend.
On the Multi Commodity Exchange, gold contracts for April traded higher by Rs 192, or 0.47 per cent, at Rs 40,676 per 10 gram in a business turnover of 2,018 lots.
The yellow metal for June delivery edged up by Rs 173, or 0.43 per cent, to Rs 40,839 per 10 gram in a business turnover of 94 lots.
Fresh positions built up by participants on positive cues from global markets mostly led to the rise in gold prices, analysts said.
Globally, gold prices rose 0.36 per cent to $1,577.20 per ounce in New York.
Silver
Silver prices on Thursday rose by Rs 378 to Rs 45,878 per kg in futures trade as participants widened their bets amid a firm trend in precious metal overseas.
On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 378, or 0.83 per cent, to Rs 45,878 per kg in 3,673 lots.
Similarly, the white metal for delivery in May was trading higher by Rs 403, or 0.88 per cent, to Rs 46,439 per kg in 65 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 0.67 per cent at $17.61 an ounce in New York.