Gold futures gain on spot demand

NEW DELHI: Gold prices on Tuesday rose Rs 132 to Rs 47,373 per 10 gram in the futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for the April delivery traded higher by Rs 132, or 0.28 per cent, at Rs 47,373 per 10 gram in a business turnover of 12,472 lots.

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

However, Gold prices traded 0.18 per cent lower at $1,819.90 per ounce in New York.