Gold Futures Rise on Spot Demand - PTI
Gold prices in India rose on Monday due to strong spot demand, while global futures declined. Find out the latest gold prices and market analysis.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jan 20 (PTI) Gold prices on Monday increased Rs 25 to Rs 79,048 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 79,048 per 10 grams in a business turnover of 10,748 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 2,709.27 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 79,048 per 10 grams in a business turnover of 10,748 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 2,709.27 per ounce in New York.
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