Gold Futures Rise on Spot Demand in India - PTI
Gold prices in India surged on Monday due to increased spot demand, while global futures experienced a slight decline. Learn more about the gold market trends.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jan 13 (PTI) Gold prices on Monday increased Rs 254 to Rs 78,677 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 254 or 0.32 per cent at Rs 78,677 per 10 grams in a business turnover of 10,967 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures declined 0.08 per cent to USD 2,687.70 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 254 or 0.32 per cent at Rs 78,677 per 10 grams in a business turnover of 10,967 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures declined 0.08 per cent to USD 2,687.70 per ounce in New York.
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