Gold futures rise on spot demand

Gold prices on Friday marginally rose to Rs72,601 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for August delivery traded marginally higher Rs15, or 0.02 per cent, at Rs72,601 per 10 grams in a business turnover of 15,393 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.19 per cent to $2,373.40 per ounce in New York.