Gold Futures Rise on Spot Demand - PTI
Gold prices surged in India's futures market on December 20, driven by robust spot demand and increased speculation. Global gold futures also rose in New York.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Dec 20 (PTI) Gold prices on Friday increased by Rs 69 to Rs 75,720 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 69 or 0.09 per cent at Rs 75,720 per 10 grams in a business turnover of 13,057 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.11 per cent to USD 2,596.91 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 69 or 0.09 per cent at Rs 75,720 per 10 grams in a business turnover of 13,057 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.11 per cent to USD 2,596.91 per ounce in New York.
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