Gold futures gain on spot demand

New Delhi: Gold prices rose Rs 82 to Rs 51,535 per 10 gram in futures trade on Friday as speculators created fresh positions on firm spot demand. On the Multi Commodity Exchange, gold contracts for October delivery traded higher by Rs 82, or 0.16 per cent, at Rs 51,535 per 10 gram in a business turnover of 9,286 lots.

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

In international market, gold prices traded 0.52 per cent higher at USD 1,960.10 per ounce in New York.