Gold Futures Rise on Spot Demand - PTI

By By Rediff Money Desk, New Delhi
Jan 16, 2025 13:23
Gold prices in India rose on Thursday, driven by strong spot demand, while global futures saw a slight decline. Read more about the gold market trends.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jan 16 (PTI) Gold prices on Thursday increased Rs 125 to Rs 78,835 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 125 or 0.16 per cent at Rs 78,835 per 10 grams in a business turnover of 10,402 lots.

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

Globally, gold futures declined 0.12 per cent to USD 2,692.96 per ounce in New York.
Source: PTI
Read More On:
gold pricesgold futuresspot demandgold marketcommodity trading
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