Gold prices on Wednesday rose by `510 to `1,39,962 per 10 grams in futures trade as speculators created fresh positions on firm spot demand.
On the Multi Commodity Exchange, the yellow metal contract for December delivery traded higher by `510, or 0.37 per cent, at `1,39,962 per 10 grams in a business turnover of 876 lots. Fresh positions by market participants led to a rise in precious metal prices, analysts said. Gold futures rose 0.46 per cent to $3,947.6 per ounce in New York.