Gold futures gain Rs 48 to Rs 59,869/10 gm

New Delhi, Jun 12 (PTI) Gold prices on Monday rose Rs 48 to Rs 59,869 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 48 or 0.08 per cent at Rs 59,869 per 10 grams in a business turnover of 14,187 lots.

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

Globally, gold was trading 0.02 per cent lower at USD 1,976.90 per ounce in New York.