Gold futures rise on spot demand

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Gold futures rise on spot demand

Gold prices on Friday increased by Rs 69 to Rs 75,720 per 10 grams in futures trade as speculators created positions on a firm spot demand.

Gold prices on Friday increased by Rs 69 to Rs 75,720 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 69 or 0.09 per cent at Rs 75,720 per 10 grams in a business turnover of 13,057 lots.

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

Globally, gold futures increased 0.11 per cent to USD 2,596.91 per ounce in New York.

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