Gold futures gain on firm demand

On the Multi Commodity Exchange, gold contracts for the April delivery traded higher by Rs 127.

New Delhi: Gold prices on Tuesday rose Rs 127 to Rs 50,043 per 10 grams in the futures trade as speculators created fresh positions amid a firm spot demand.

On the Multi Commodity Exchange, gold contracts for the April delivery traded higher by Rs 127, or 0.25 per cent, to Rs 50,043 per 10 grams in a business turnover of 11,374 lots.

Gold futures prices firmed up after participants created fresh positions, analysts said.