Gold futures increase on spot demand

 New Delhi

Gold prices on Wednesday rose Rs 1,297 to Rs 1,52,715 per 10 grams 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 1,297 or 0.86 per cent at Rs 1,52,715 per 10 grams in a business turnover of 1,557 lots.

Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures rose 0.89 per cent to USD 4,921 per ounce in New York.