Gold futures rise Rs 448 to Rs 43,688 per 10 gm

New Delhi, Apr 3 () Gold prices on Friday rose Rs 448 to Rs 43,688 per 10 gram in futures trade as speculators were indulged in creating fresh positions even as the metal prices declined overseas.

On the Multi Commodity Exchange, gold contracts for June traded higher by Rs 448, or 1.04 per cent, to Rs 43,688 per 10 gram in a business turnover of 16,935 lots.

The yellow metal for August delivery edged up by Rs 460, or 1.06 per cent, to Rs 43,840 per 10 gram in a business turnover of 1,733 lots.

Fresh positions built up by participants on spot demand mainly led to rise in gold prices, analysts said.

Globally, gold prices declined 3.50 per cent to USD 1,634.20 per ounce in New York. SHW RUJRUJ