Gold futures gain on spot demand

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New Delhi, Mar 24 (PTI) Gold prices on Wednesday rose by Rs 139 to Rs 44,785 per 10 grams in the futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for the April delivery traded higher by Rs 139, or 0.31 per cent, at Rs 44,785 per 10 grams in a business turnover of 7,741 lots.

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

Gold prices traded 0.14 per cent higher at USD 1,729.90 per ounce in New York. PTI SHW HRS hrs