Gold Futures Gain On Spot Demand

Gold prices on Tuesday rose by Rs 251 to Rs 49,600 per 10 gram in the futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for the August delivery traded higher by Rs 251, or 0.51 per cent, at Rs 49,600 per 10 gram in a business turnover of 13,011 lots.

Fresh positions built up by participants led to the rise in gold prices, analysts said.

Gold prices traded 0.35 per cent higher at USD 1,912 per ounce in New York.

(PTI)