Gold futures gain on spot demand

Gold prices on Thursday rose Rs 104 to Rs 50,273 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 December delivery traded higher Rs 104, or 0.21 per cent, at Rs 50,273 per 10 gram in a business turnover of 9,890 lots.

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

Gold prices traded 0.08 per cent higher at USD 1,863.10 per ounce in New York.


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