Gold futures gain Rs 84 to Rs 59,437/10 gm

New Delhi, May 29 (PTI) Gold prices on Monday rose Rs 84 to Rs 59,437 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 84 or 0.14 per cent at Rs 59,437 per 10 grams in a business turnover of 2,950 lots.

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

Globally, gold was trading 0.14 per cent lower at USD 1,960.40 per ounce in New York.