Gold Futures Rise on Spot Demand - PTI
Gold prices surged in India's futures market on Tuesday due to strong spot demand and speculative buying, while global prices also climbed.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Dec 24 (PTI) Gold prices on Tuesday increased Rs 144 to Rs 76,288 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 144 or 0.19 per cent at Rs 76,288 per 10 grams in a business turnover of 12,750 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.25 per cent to USD 2,619.19 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 144 or 0.19 per cent at Rs 76,288 per 10 grams in a business turnover of 12,750 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.25 per cent to USD 2,619.19 per ounce in New York.
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