Gold futures prices upgrade on spot demand

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New Delhi, Gold prices rose by Rs 206 to Rs 98,025 per 10 grams in futures trade on Monday as speculators created fresh deals due to strong spot demand.

At the Multi Commodity Exchange, the price of gold contracts for August delivery rose by Rs 206, or 0.21 percent, to Rs 98,025 per 10 grams in a business turnover of 5,831 lots.

Analysts said fresh buying by participants led to the rise in gold prices.

Globally, gold futures in New York rose 0.14 percent to $3,397.30 an ounce.

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