Gold futures prices upsurge on spot demand

New Delhi, Gold prices rose marginally to Rs 1,00,330 per 10 grams in futures trade on Wednesday as speculators created new deals due to strong spot demand.

Gold contracts for August delivery rose by Rs 1 to Rs 1,00,330 per 10 grams on the Multi Commodity Exchange, with 16,073 lots traded.

Analysts said gold prices rose as participants created new deals.

Globally, gold futures in New York fell 0.11 percent to $3,427.74 an ounce.

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