Gold Futures Rise on Spot Demand - PTI
Gold prices surged in futures trade on Friday, driven by firm spot demand and increased speculation. Gold futures rose by Rs 209, reaching Rs 77,036 per 10 grams on the Multi Commodity Exchange.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Dec 27 (PTI) Gold prices on Friday increased Rs 209 to Rs 77,036 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 209 or 0.27 per cent at Rs 77,036 per 10 grams in a business turnover of 12,770 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.06 per cent to USD 2,635.15 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 209 or 0.27 per cent at Rs 77,036 per 10 grams in a business turnover of 12,770 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.06 per cent to USD 2,635.15 per ounce in New York.
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