Gold futures rise on spot demand

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Gold futures rise on spot demand

Gold prices on Tuesday increased Rs 25 to Rs 76,285 per 10 grams in futures trade as speculators created positions on a firm spot demand.

Gold prices on Tuesday increased Rs 25 to Rs 76,285 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 25 or 0.03 per cent at Rs 76,285 per 10 grams in a business turnover of 12,588 lots.

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

Globally, gold futures decreased 0.08 per cent to USD 2,604.33 per ounce in New York.

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