Gold Futures Gain On Spot Demand

Gold prices on Wednesday increased Rs462 to Rs79,695 per 10 grams in futures trade as speculators created positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs462 or 0.58 per cent at Rs79,695 per 10 grams in a business turnover of 14,719 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said.