Gold Futures Surge: Rs 209 Rise, Spot Demand Strong
Jul 11, 2024 13:46
Gold prices jumped Rs 209 on Thursday to Rs 72,877 per 10 grams in futures trade, driven by strong spot demand and speculation. Global gold futures also saw a rise.
Photograph: Kind courtesy anomalnaya/Pixabay
New Delhi, Jul 11 (PTI) Gold prices on Thursday jumped Rs 209 to Rs 72,877 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher Rs 209 or 0.29 per cent at Rs 72,877 per 10 grams in a business turnover of 12,343 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.24 per cent to USD 2,385.40 per ounce in New York.
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