Gold Futures Rise on Spot Demand - PTI
Gold prices in India rose on Tuesday due to increased spot demand, while global futures saw a slight decrease. Get the latest gold market updates here.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Dec 31 (PTI) Gold prices on Tuesday increased Rs 25 to Rs 76,285 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 25 or 0.03 per cent at Rs 76,285 per 10 grams in a business turnover of 12,588 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures decreased 0.08 per cent to USD 2,604.33 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 25 or 0.03 per cent at Rs 76,285 per 10 grams in a business turnover of 12,588 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures decreased 0.08 per cent to USD 2,604.33 per ounce in New York.
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