Gold futures gain on spot demand

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New Delhi, May 14 (PTI) Gold prices on Friday rose by Rs 104 to Rs 47,542 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 104, or 0.22 per cent, at Rs 47,542 per 10 gram in a business turnover of 7,560 lots.

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

Gold prices traded 0.50 per cent higher at USD 1,833.20 per ounce in New York. PTI SHW ANU ANU

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