Gold futures gain on spot demand

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New Delhi, Feb 3 (PTI) Gold prices on Wednesday rose by Rs 65 to Rs 47,890 per 10 gram 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 65, or 0.14 per cent, at Rs 47,890 per 10 gram in a business turnover of 13,392 lots.

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

Gold prices traded 0.22 per cent higher at USD 1,837.40 per ounce in New York. PTI SHW RUJ RUJ