Gold futures rise on spot demand

New Delhi, Feb 7 (PTI) Gold prices on Friday increased Rs 101 to Rs 84,545 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 101 or 0.12 per cent at Rs 84,545 per 10 grams in a business turnover of 17,179 lots.

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

Globally, gold futures rose 0.12 per cent to USD 2,859.66 per ounce in New York.