Gold futures rise on spot demand

New Delhi, Jan 8 (PTI) Gold prices on Wednesday increased Rs 61 to Rs 77,592 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 61 or 0.08 per cent at Rs 77,592 per 10 grams in a business turnover of 11,587 lots.

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

Globally, gold futures rose 0.10 per cent to USD 2,651.27 per ounce in New York.