Gold futures up on spot demand

New Delhi, Feb 14 () Gold prices on Friday rose by Rs 19 to Rs 40,675 per 10 gram in futures trade as speculators widened their bets even as the metal declined in overseas markets.

On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 19, or 0.05 per cent, to Rs 40,675 per 10 gram in a business turnover of 1,694 lots.

The yellow metal for April delivery edged up by Rs 15, or 0.04 per cent, at Rs 40,845 per 10 gram in a business turnover of 116 lots.

Globally, gold prices decline 0.03 per cent to USD 1,578.90 per ounce in New York. VHP SHWSHW