Gold futures gain on spot demand

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New Delhi, Nov 17 (PTI) Gold prices on Tuesday rose by Rs 11 to Rs 50,841 per 10 gram in futures trade as speculators created fresh positions on firm spot demand.

On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 11, or 0.02 per cent, at Rs 50,841 per 10 gram in a business turnover of 8,460 lots.

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

Gold prices traded 0.17 per cent higher at USD 1,884.50 per ounce in New York. PTI SHW RUJ RUJ