Gold futures gain on spot demand

New Delhi: Gold prices on Wednesday rose by Rs 153 to Rs 51,922 per 10 gram in the futures trade as speculators created fresh positions on firm spot demand. On the Multi Commodity Exchange, gold contracts for the October delivery traded higher by Rs 153, or 0.3 per cent, at Rs 51,922 per 10 gram in a business turnover of 10,814 lots.

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

Meanwhile, gold prices traded 0.49 per cent higher at USD 1,975.90 per ounce in New York.