Gold futures gain on spot demand

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New Delhi, Jan 4 (PTI) Gold prices rose Rs 871 to Rs 51,115 per 10 gram in the futures trade on Monday as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for the February delivery traded higher by Rs 871, or 1.73 per cent, at Rs 51,115 per 10 gram in a business turnover of 10,514 lots.

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

Globally, gold prices traded 2.29 per cent higher at USD 1,938.50 per ounce in New York. PTI SHW HRS