Gold futures prices jump due to spot demand

New Delhi, March 12: Gold prices on Wednesday rose by Rs 35 to Rs 86,187 per 10 gram in futures trade as speculators created fresh positions amid strong spot demand.

Gold contracts for April delivery rose by Rs 35, or 0.04 per cent, to Rs 86,187 per 10 gram on the Multi Commodity Exchange in a business turnover of 14,487 lots.

Analysts said fresh positions created by participants led to the rise in gold prices.

Globally, gold futures in New York fell 0.14 per cent to USD 2,911.90 an ounce.

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