Gold Futures Surge: Up Rs 237 to Rs 70,026/10gm
Aug 05, 2024 13:44
Gold prices in India jumped on Monday, fueled by strong spot demand and increased speculation. Global gold futures also saw gains in New York.
New Delhi, Aug 5 (PTI) Gold prices on Monday jumped Rs 237 to Rs 70,026 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 237 or 0.34 per cent at Rs 70,026 per 10 grams in a business turnover of 19,248 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.19 per cent to USD 2,474.40 per ounce in New York.
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