Gold futures gain Rs 9 to Rs 54,060/10 gm

Gold price on Friday increased by Rs 9 to Rs 54,060 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 9 or 0.02 per cent at Rs 54,060 per 10 grams in a business turnover of 15,764 lots.

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

Globally, gold was trading 0.19 per cent higher at USD 1,804.90 per ounce in New York.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)