Gold Futures Rise on Spot Demand - PTI
Gold prices in India surged on Friday, driven by strong spot demand and increased positions by speculators. Global gold futures also rose in New York.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Feb 7 (PTI) Gold prices on Friday increased Rs 101 to Rs 84,545 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 101 or 0.12 per cent at Rs 84,545 per 10 grams in a business turnover of 17,179 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.12 per cent to USD 2,859.66 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 101 or 0.12 per cent at Rs 84,545 per 10 grams in a business turnover of 17,179 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.12 per cent to USD 2,859.66 per ounce in New York.
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