Futures Rebound On Renewed Spot Demand

Gold futures jumped Rs607 to Rs77,163 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. Silver futures surged Rs1,135 to Rs91,270 per kilogram as participants increased their bets. On Multi Commodity Exchange (MCX), gold contracts for February delivery traded higher by Rs607 or 0.79 per cent at Rs77,163 per 10 grams in a business turnover of 12,174 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures rose 0.86 per cent to $2,660.73 per ounce in New York.