Gold futures gain on spot demand

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New Delhi, Jan 13 (PTI) Gold prices on Wednesday rose by Rs 325 to Rs 49,370 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 325, or 0.66 per cent, at Rs 49,370 per 10 gram in a business turnover of 8,360 lots.

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

Gold prices traded 0.70 per cent higher at USD 1,857.10 per ounce in New York. PTI SHW RUJ RUJ