Gold futures jump: Prices increase by Rs 695 to Rs 87,623 per 10 gram

New Delhi, Gold futures on Tuesday rose by Rs 695 to Rs 87,623 per 10 gram as speculators created fresh deals amid strong spot demand.
On the Multi Commodity Exchange, gold contracts for June delivery rose by Rs 695, or 0.8 percent, to Rs 87,623 per 10 gram in a business turnover of 14,966 lots.
Analysts said fresh deals by participants helped gold prices rise.
Globally, gold futures in New York rose 0.67 percent to $3,003.41 an ounce.