Gold Futures Rise On Firm Demand

Gold prices on Monday increased Rs151 to Rs76,294 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs151 or 0.2 per cent at Rs76,294 per 10 grams in a business turnover of 15,826 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.33 per cent to $2,676.70 per ounce in New York.