Marginal recovery in futures

Gold futures marginally rose Rs37 to Rs71,621 per 10 grams as speculators created fresh positions on a firm spot demand. Silver futures marginally rose Rs5 to Rs89,144 per kilogram as participants widened their bets on a firm spot demand.

On Multi Commodity Exchange (MCX), gold contracts for August delivery traded marginally higher Rs37, or 0.05 per cent, at Rs71,621 per 10 grams in a business turnover of 14,654 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.18 per cent to $2,335.40 per ounce in New York. On MCX, silver contracts for July delivery increased Rs5 or 0.01 per cent, to Rs89,144 per kg in 16,366 lots.