New Delhi

Gold prices on Tuesday rose by Rs 439 to Rs 1,59,840 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 439, or 0.28 per cent, at Rs 1,59,840 per 10 grams in a business turnover of 1,076 lots.

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

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Globally, gold futures fell 0.40 per cent to USD 4,548.61 per ounce in New York.