Futures recover on firm spot demand

Gold futures rose Rs117 to Rs69,082 per 10 grams as speculators created fresh positions on a firm spot demand. Silver futures marginally rose Rs4 to Rs78,904 per kilogram as participants widened their bets on a firm spot demand. On Multi Commodity Exchange (MCX), gold contracts for October delivery traded higher Rs117 or 0.17 per cent at Rs69,082 per 10 grams in a business turnover of 17,967 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.10 per cent to $2,434.80 per ounce in New York.