Gold futures rise on spot demand

Gold prices on Thursday rose Rs110 to Rs67,054 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for June delivery traded higher Rs110 or 0.16 per cent at Rs67,054 per 10 grams in a business turnover of 22,096 lots.

Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.14 per cent to $2,215.90 per ounce in New York.