Gold futures rise on spot demand

NEW DELHI:  Gold prices on Tuesday increased Rs 73 to Rs 99,251 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 higher by Rs 73, or 0.07 per cent, at Rs 99,251 per 10 grams in a business turnover of 15,561 lots.

Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures rose 0.24 per cent to USD 3,393.30 per ounce in New York. PTI