Gold futures prices inflation due to spot demand

New Delhi, March 10: Gold prices on Monday rose by Rs 23 to Rs 85,900 per 10 gram in futures trade as speculators created fresh positions amid strong spot demand.

Gold contracts for April delivery rose by Rs 23, or 0.03 per cent, to Rs 85,900 per 10 gram on the Multi Commodity Exchange in a business turnover of 15,094 lots.

Analysts said fresh positions created by participants helped gold prices rise.

Globally, gold futures in New York fell marginally by 0.02 per cent to USD 2,908.46 an ounce.