Gold futures rise Rs 1,156 to Rs 72,800 per 10 gm

NEW DELHI, Apr 12 : Gold prices on Friday rose Rs 1,156 to Rs 72,800 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 1,156 or 1.61 per cent at Rs 72,800 per 10 grams in a business turnover of 23,548 lots.

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

Globally, gold futures increased 1.76 per cent to USD 2,414.40 per ounce in New York. (PTI)