Gold Futures Rise on Spot Demand - PTI
Gold prices in India rose on Tuesday due to strong spot demand, while global gold futures dipped. Read more about the latest gold market trends.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jan 14 (PTI) Gold prices on Tuesday increased Rs 39 to Rs 78,205 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 39 or 0.05 per cent at Rs 78,205 per 10 grams in a business turnover of 10,335 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures declined 0.22 per cent to USD 2,669.07 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 39 or 0.05 per cent at Rs 78,205 per 10 grams in a business turnover of 10,335 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures declined 0.22 per cent to USD 2,669.07 per ounce in New York.
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