Gold futures rise Rs 285 to Rs 63,310/10 g

New Delhi, Dec 27 (PTI) Gold prices on Wednesday jumped Rs 285 to Rs 63,310 per 10 grams in futures trade as speculators created fresh positions on firm spot demand.

On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 285 or 0.45 per cent at Rs 63,310 per 10 grams in a business turnover of 15,709 lots.

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

Globally, gold futures went up by 0.42 per cent to USD 2,078.40 per ounce in New York.