Gold futures increase on spot demand

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NewsDrum Desk
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New Delhi, Jul 1 (PTI) Gold prices on Tuesday jumped Rs 1,065 to Rs 97,140 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for August delivery traded higher Rs 1,065 or 1.11 per cent at Rs 97,140 per 10 grams in a business turnover of 13,124 lots.

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

Globally, gold futures rose 1.15 per cent to USD 3,345.70 per ounce in New York. PTI SHW ANU ANU