New Delhi, Jun 4 (PTI) Gold price on Tuesday rose Rs 120 to Rs 72,323 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for August delivery traded higher Rs 120 or 0.17 per cent at Rs 72,323 per 10 grams in a business turnover of 16,781 lots.

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

Globally, gold futures grew 0.33 per cent to USD 2,361.50 per ounce in New York.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)