Gold futures rise on spot demand

Women buy gold jewelry in Patna. (Photo: Getty Image)

New Delhi, Feb 19 (PTI) Gold prices on Wednesday rose by Rs 61 to Rs 86,174 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 61 or 0.07 per cent at Rs 86,174 per 10 grams in a business turnover of 16,537 lots.

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

Globally, gold futures rose 0.08 per cent to USD 2,933.54 per ounce in New York.

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