New Delhi: Gold prices on Thursday increased Rs 383 to Rs 85,864 per 10 grams in futures trade as speculators created positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for March delivery traded higher by Rs 383 or 0.12 per cent at Rs 85,864 per 10 grams in a business turnover of 16,518 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.39 per cent to USD 2,915.48 per ounce in New York.
