Gold futures rise Rs 311 to Rs 62,496

Gold prices on Wednesday rose Rs 311 to Rs 62,496 per 10 grams in futures trade as speculators created fresh positions on firm spot demand

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On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 311 or 0.5 per cent at Rs 62,496 per 10 grams in a business turnover of 16,625 lots

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Fresh positions built up by participants led to a rise in gold prices, analysts said

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Globally, gold futures went up by 0.78 per cent to $2,052.10 per ounce in New York

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