Gold Futures Rise on Spot Demand in India - PTI
Gold prices in India surged on Tuesday, driven by strong spot demand. Gold futures on the Multi Commodity Exchange climbed Rs 108 to Rs 77,266 per 10 grams. Global gold futures also saw an increase.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jan 7 (PTI) Gold prices on Tuesday increased Rs 108 to Rs 77,266 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 108 or 0.14 per cent at Rs 77,266 per 10 grams in a business turnover of 11,986 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.19 per cent to USD 2,641.43 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 108 or 0.14 per cent at Rs 77,266 per 10 grams in a business turnover of 11,986 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.19 per cent to USD 2,641.43 per ounce in New York.
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