Gold futures rise on spot demand, global cues

New Delhi, Jun 18 (PTI) Gold prices on Thursday rose by Rs 17 to Rs 47,355 per 10 gram in futures trade as speculators created fresh positions on firm spot demand.

On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 17, or 0.04 per cent, at Rs 47,355 per 10 gram in a business turnover of 13,824 lots.

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

Globally, gold prices traded 0.04 per cent higher at USD 1,736.30 per ounce in New York. PTI SHW RVK