Gold futures rise on spot demand

New Delhi, Mar 25 (PTI) Gold prices on Tuesday rose Rs 230 to Rs 87,508 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 230 or 0.26 per cent at Rs 87,508 per 10 grams in a business turnover of 8,771 lots.

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

Globally, gold futures increased 0.15 per cent to USD 3,015.58 per ounce in New York.