Gold futures rise Rs 245 to Rs 71,585 per 10 gm

Gold Futures: Gold prices on Wednesday rose Rs 245 to Rs 71,585 per 10 grams 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 Rs 245 or 0.34 per cent at Rs 71,585 per 10 grams in a business turnover of 23,529 lots.

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

Globally, gold futures increased 0.51 per cent to USD 2,374.40 per ounce in New York.