Gold futures gain on spot demand

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New Delhi, Nov 5 (PTI) Gold prices on Thursday rose by Rs 593 to Rs 51,413 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 593, or 1.17 per cent, at Rs 51,413 per 10 gram in a business turnover of 12,409 lots.

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

Gold prices traded 0.94 per cent higher at USD 1,914.00 per ounce in New York. PTI SHW RUJ RUJ