Gold futures rise on firm demand

Gold prices on Friday rose Rs104 to Rs72,021 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for October delivery traded higher Rs104 or 0.14 per cent at Rs72,021 per 10 grams in a business turnover of 15,405 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.13 per cent to $2,546.40 per ounce in New York.