Gold futures rise Rs 274 to Rs 97,297 per 10 gm on spot demand

A customer looks at a gold necklace at the Umedmal Tilokchand (U.T) Zaveri jewelry store at Zaveri Bazaar in Mumbai, India. (Photo: PTI)

New Delhi, Jun 25 (PTI) Gold prices on Wednesday increased Rs 274 to Rs 97,297 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 274 or 0.28 per cent at Rs 97,297 per 10 grams in a business turnover of 13,447 lots.

Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures rose 0.26 per cent to USD 3,332.41 per ounce in New York