Gold futures rise Rs74 to Rs60,796/10 gm

Gold prices on Friday rose Rs74 to Rs60,796 per 10 grams in futures trade as speculators created fresh positions on firm spot demand. On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs74 or 0.12 per cent at Rs60,796 per 10 grams in a business turnover of 8,575 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures went up by 0.03 per cent to $1,987.80 per ounce in New York.