Gold futures rise on spot demand

New Delhi, Dec 18 (PTI) Gold prices on Wednesday increased Rs 33 to Rs 76,904 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 33 or 0.04 per cent at Rs 76,904 per 10 grams in a business turnover of 12,995 lots.

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

Globally, gold futures declined marginally to USD 2,646.47 per ounce in New York.