Gold futures rise on firm spot demand

New Delhi, Dec 11 (PTI) Gold prices on Wednesday increased marginally Rs 12 to Rs 78,350 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 marginally by Rs 12 or 0.02 per cent at Rs 78,350 per 10 grams in a business turnover of 15,149 lots.

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

Globally, gold futures declined 0.09 per cent to USD 2,691.81 per ounce in New York.