Gold futures rise on spot demand

Gold prices on Thursday rose Rs1,014 to Rs66,764 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for April delivery traded higher Rs1,014 or 1.54 per cent at Rs66,764 per 10 grams in a business turnover of 12,067 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 2.12 per cent to $2,228.60 per ounce in New York.