Gold Futures Rise on Firm Spot Demand - PTI
Gold prices in India rose slightly on Wednesday due to increased demand and speculative trading. Global gold futures also saw a modest increase in New York.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Dec 4 (PTI) Gold prices on Wednesday rose marginally by Rs 37 to Rs 76,940 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 37 or 0.05 per cent at Rs 76,940 per 10 grams in a business turnover of 12,338 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.12 per cent to USD 2,646.77 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 37 or 0.05 per cent at Rs 76,940 per 10 grams in a business turnover of 12,338 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.12 per cent to USD 2,646.77 per ounce in New York.
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