New Delhi | Gold prices on Wednesday increased Rs 380 to Rs 76,740 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 380 or 0.5 per cent at Rs 76,740 per 10 grams in a business turnover of 14,873 lots.

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

Globally, gold futures decreased 0.53 per cent to USD 2,676.57 per ounce in New York.