Gold Futures Rise on Spot Demand - PTI
Gold prices rose in India's futures market on Tuesday, driven by strong spot demand. Globally, gold futures declined in New York. Read more.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jan 21 (PTI) Gold prices on Tuesday increased Rs 387 to Rs 78,931 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 387 or 0.49 per cent at Rs 78,931 per 10 grams in a business turnover of 9,737 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures declined 0.57 per cent to USD 2,728.56 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 387 or 0.49 per cent at Rs 78,931 per 10 grams in a business turnover of 9,737 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures declined 0.57 per cent to USD 2,728.56 per ounce in New York.
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