Gold futures gain on spot demand

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New Delhi, Mar 17 (PTI) Gold prices on Wednesday rose by Rs 140 to Rs 44,953 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 140, or 0.31 per cent, at Rs 44,953 per 10 gram in a business turnover of 8,942 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 1,733.90 per ounce in New York. PTI SHW RUJ RUJ