Gold futures gain Rs 85 to Rs 41,505 per 10 gm

New Delhi, Feb 19 () Gold prices on Wednesday gained Rs 85 to Rs 41,505 per 10 gram in futures trade as speculators increased their bets tracking positive trend overseas.

On the Multi Commodity Exchange, gold contracts for April traded higher by Rs 85, or 0.21 per cent, to Rs 41,505 per 10 gram in a business turnover of 3,191 lots.

The yellow metal for June delivery edged up by Rs 98, or 0.24 per cent, to Rs 41,685 per 10 gram in a business turnover of 49 lots.

Fresh positions built up by participants on positive cues from global markets mainly led to rise in gold prices, analysts said.

Globally, gold prices rose 0.25 per cent to USD 1,607.60 per ounce in New York. VHP SHWSHW