Gold futures rise on firm spot demand

New Delhi, Dec 6 (PTI) Gold prices on Friday rose Rs 167 to Rs 76,643 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 167 or 0.22 per cent at Rs 76,643 per 10 grams in a business turnover of 12,479 lots.

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

Globally, gold futures rose 0.24 per cent to USD 2,637.99 per ounce in New York.