Futures Rebound On Renewed Spot Demand

Gold futures increased Rs129 to Rs76,549 per 10 grams as speculators created positions on a firm spot demand. Silver futures jumped Rs1,064 to Rs89,456 per kilogram as participants increased their bets.

On Multi Commodity Exchange (MCX), gold contracts for February delivery traded higher by Rs129 or 0.17 per cent at Rs76,549 per 10 grams in a business turnover of 12,830 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.35 per cent to $2,632.13 per ounce in New York.