Gold futures upsurge due to spot demand

Gold prices rose by Rs 478 to Rs 84,697 per 10 grams in futures trade on Monday as speculators created fresh deals due to strong spot demand.
Gold contracts for April delivery rose by Rs 478, or 0.57 per cent, to Rs 84,697 per 10 grams at the Multi Commodity Exchange, with a turnover of 13,686 lots.
Analysts said fresh deals by participants led to the rise in gold prices.
Globally, gold futures rose 0.20 per cent to $2,863.46 an ounce in New York.