Gold Futures Rise on Firm Spot Demand

New Delhi, Dec 17 (PTI) Gold prices on Tuesday increased Rs 59 to Rs 77,120 per 10 grams in futures trade as speculators created positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 59 or 0.08 per cent at Rs 77,120 per 10 grams in a business turnover of 13,264 lots.

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

Globally, gold futures declined 0.07 per cent to USD 2,654.69 per ounce in New York.