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Gold futures gain on spot demand

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New Delhi: Gold prices rose Rs 151 to Rs 51,470 per 10 g in futures trade on Monday as speculators designed fresh positions on agency spot demand. On the Variable Commodity Exchange, gold legal papers for October delivery exchanged higher by Rs 151, or 0.29 percent, at Rs 51,470 per 10 gram in a very business turnover of 11,745 lots.

Fresh jobs built up by participants triggered the rise in gold selling prices, analysts said.

Inside international market, gold exchanged 0.35 per cent larger at USD 1,954.80 per ounce around New York.

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