Futures advance on fresh positions

Gold prices rose Rs 641 to Rs 1,07,058 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

Gold contracts for October delivery traded higher by 0.6 per cent in a business turnover of 18,086 lots. Silver prices increased Rs860 to Rs 1,24,780 per kilogram in futures trade as participants increased their bets.

Silver contracts for December delivery appreciated 0.69 per cent in a business turnover of 18,771 lots. Fresh positions built up by participants led to a rise in silver prices, analysts said.