Gold prices surged on the Multi Commodity Exchange (MCX) on Tuesday, driven by strong spot demand and fresh positions from speculators. Global gold futures also saw gains.
Photograph: Kind courtesy anomalnaya/Pixabay
New Delhi, Jan 23 (PTI) Gold prices on Tuesday rose Rs 202 to Rs 62,070 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher Rs 202, or 0.33 per cent, at Rs 62,070 per 10 grams in a business turnover of 6,214 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased by 0.53 per cent to USD 2,052.40 per ounce in New York.
Rediff.com » Market News » Gold Futures Rise in India: Prices Hit Rs 62,070/10 grams
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