Gold Futures Rise on Spot Demand - PTI
Gold prices in India rose on Friday, driven by strong spot demand. Gold futures on the Multi Commodity Exchange traded higher, influenced by fresh positions built up by participants. Global gold futures also increased in New York.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jan 24 (PTI) Gold prices on Friday increased Rs 308 to Rs 79,934 per 10 grams in futures trade as traders created positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 308 or 0.39 per cent at Rs 79,934 per 10 grams in a business turnover of 7,827 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.72 per cent to USD 2,774.60 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 308 or 0.39 per cent at Rs 79,934 per 10 grams in a business turnover of 7,827 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.72 per cent to USD 2,774.60 per ounce in New York.
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