Gold Futures Rise Rs 188 To Rs 62,550/10 g

Gold prices on Monday rose Rs 188 to Rs 62,550 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.  On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 188, or 0.3 percent, at Rs 62,550 per 10 grams in a business turnover of 9,411 lots.

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

Globally, gold futures increased by 0.34 percent to USD 2,058.50 per ounce in New York.