Gold Futures Rise on Spot Demand | News
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Gold futures increased by Rs 531 to Rs 1,52,663 per 10 grams on spot demand. June delivery up 0.35% at Rs 1,52,663. Globally, gold rose 0.13%.
New Delhi, May 7 (PTI) Gold prices on Thursday rose by Rs 531 to Rs 1,52,663 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 531, or 0.35 per cent, at Rs 1,52,663 per 10 grams in a business turnover of 728 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.13 per cent to USD 4,697.6 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 531, or 0.35 per cent, at Rs 1,52,663 per 10 grams in a business turnover of 728 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.13 per cent to USD 4,697.6 per ounce in New York.
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