Gold Futures Rise on Spot Demand - PTI
Gold futures prices rose in India due to strong spot demand, while global prices declined. Learn more about the gold market trends.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jan 9 (PTI) Gold prices on Thursday increased Rs 118 to Rs 77,865 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 118 or 0.15 per cent at Rs 77,865 per 10 grams in a business turnover of 11,431 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures declined 0.11 per cent to USD 2,659.04 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 118 or 0.15 per cent at Rs 77,865 per 10 grams in a business turnover of 11,431 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures declined 0.11 per cent to USD 2,659.04 per ounce in New York.
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