Gold futures gain on spot demand

Gold prices rose Rs 45 to Rs 50,257 per 10 gram in futures trade on Monday as speculators created fresh positions on firm spot demand.
On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 45, or 0.09 per cent, at Rs 50,257 per 10 gram in a business turnover of 5,544 lots.

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


In the international market, gold traded 0.03 per cent higher at USD 1,878.80 per ounce in New York.