Gold futures gain

Gold prices on Tuesday rose by Rs 105 to Rs 38,362 per 10 gram in futures trade as speculators increased their bets in tandem with positive overseas trend.

On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 105, or 0.27 per cent, at Rs 38,362 per 10 gram in a business turnover of 2,306 lots.

The yellow metal for April delivery also traded higher by Rs 124, or 0.32 per cent, at Rs 38,427 per 10 gram in a business turnover of 213 lots.

Fresh positions built up by participants taking positive cues from global markets mostly led to the rise in gold prices, analysts said.

Globally, gold prices rose 0.38 per cent to USD 1,494.40 per ounce in New York. PTI