Gold Futures Rise On Firm Demand

Gold prices on Monday increased by Rs347 to Rs85,034 per 10 grams in futures trade as specula-tors created positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs347 or 0.41 per cent at Rs85,034 per 10 grams in a business turnover of 15,555 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said.