Gold Futures Rise On Spot Demand

Gold prices on Friday increased Rs101 to Rs84,545 per 10 grams in futures trade as speculators created positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs101 or 0.12 per cent at Rs84,545 per 10 grams in a busi-ness turnover of 17,179 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said.