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New Delhi, Nov 30 (PTI) Gold prices on Tuesday rose by Rs 205 to Rs 48,195 per 10 gram in futures trade as speculators created fresh positions amid firming spot demand.

On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 205, or 0.43 per cent, to Rs 48,195 per 10 gram in a business turnover of 9,922 lots.

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

Gold prices traded 0.43 per cent higher at USD 1,792.90 per ounce in New York. PTI SHW RUJ RUJ