Gold Futures Rise on Firm Spot Demand

Dec 17, 2024 13:46

Gold prices surged in India's futures market, driven by strong spot demand. Global gold futures saw a slight decline.

Photograph: Heinz-Peter Bader/Reuters/Reuters

New Delhi, Dec 17 (PTI) Gold prices on Tuesday increased Rs 59 to Rs 77,120 per 10 grams in futures trade as speculators created positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 59 or 0.08 per cent at Rs 77,120 per 10 grams in a business turnover of 13,264 lots.

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

Globally, gold futures declined 0.07 per cent to USD 2,654.69 per ounce in New York.

Source: PTI

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Gold Futures Rise on Firm Spot Demand

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