Gold prices on Friday rose Rs189 to Rs72,556 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for August delivery traded higher Rs189, or 0.26 per cent, at Rs72,556 per 10 grams in a business turnover of 13,998 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.11 per cent to $2,371.90 per ounce in New York.