Gold Futures Rise on Spot Demand - PTI
Gold futures prices surged on the Multi Commodity Exchange due to strong spot demand and increased trading positions. Global gold futures saw a decline in New York.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Feb 3 (PTI) Gold prices on Monday increased Rs 148 to Rs 82,452 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 148 or 0.18 per cent at Rs 82,452 per 10 grams in a business turnover of 16,568 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures declined 0.43 per cent to USD 2,786.31 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 148 or 0.18 per cent at Rs 82,452 per 10 grams in a business turnover of 16,568 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures declined 0.43 per cent to USD 2,786.31 per ounce in New York.
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