Gold Futures Rise on Spot Demand - PTI

By By Rediff Money Desk, New Delhi
Dec 27, 2024 13:18
Gold prices surged in futures trade on Friday, driven by firm spot demand and increased speculation. Gold futures rose by Rs 209, reaching Rs 77,036 per 10 grams on the Multi Commodity Exchange.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Dec 27 (PTI) Gold prices on Friday increased Rs 209 to Rs 77,036 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 209 or 0.27 per cent at Rs 77,036 per 10 grams in a business turnover of 12,770 lots.

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

Globally, gold futures increased 0.06 per cent to USD 2,635.15 per ounce in New York.
Source: PTI
Read More On:
goldmulti commodity exchangegold pricesgold futuresspot demand
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Gensol Engineering Shares Hit Lower Circuit:...

Gensol Engineering shares plummeted 5% to hit a new low after Sebi barred brothers...

Suzlon Wins 378 MW Wind Energy Project from NTPC

Suzlon secures a 378 MW wind energy project from NTPC Green Energy, strengthening its...

HCL Tech Shares Surge 7% on Strong Q4 Earnings

HCL Technologies shares jumped over 7% after the company reported an 8.1% rise in net...

Vedanta Mitigates 28 Million Tonnes of Carbon...

Vedanta Ltd announces mitigation of 28 million tonnes of carbon emissions since FY23,...

US Urges India to Drop Non-Tariff Barriers:...

The US has raised concerns about non-tariff barriers faced by American goods in India....

Sensex Reclaims 80,000: Global Rally, FIIs Boost

Sensex and Nifty surge on Wednesday driven by global markets rally, foreign fund...

Rupee Falls to 85.34 Against US Dollar

The Indian Rupee depreciated by 15 paise to 85.34 against the US dollar in early trade...

Srinagar Airfares: Govt Asks Airlines to Ensure...

Indian government urges airlines to maintain regular airfares to Srinagar after recent...

Ericsson Partners with VVDN for Antenna...

Ericsson announces partnership with VVDN for antenna manufacturing in India, aiming to...

Andhra Pradesh to Build India's First Quantum...

Andhra Pradesh is building India's first quantum computing village, featuring advanced...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com