Gold futures rise on spot demand

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Gold futures rise on spot demand

Gold prices on Wednesday increased Rs 33 to Rs 76,904 per 10 grams in futures trade as speculators created positions on a firm spot demand.

Gold prices on Wednesday increased Rs 33 to Rs 76,904 per 10 grams in futures trade as speculators created positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 33 or 0.04 per cent at Rs 76,904 per 10 grams in a business turnover of 12,995 lots.

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

Globally, gold futures declined marginally to USD 2,646.47 per ounce in New York.

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