Gold Futures Rise on Spot Demand | PTI
Gold prices surged in India's futures market, driven by strong spot demand and increased investor activity. Global gold futures also saw an uptick.
New Delhi, Feb 19 (PTI) Gold prices on Wednesday rose by Rs 61 to Rs 86,174 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 61 or 0.07 per cent at Rs 86,174 per 10 grams in a business turnover of 16,537 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.08 per cent to USD 2,933.54 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 61 or 0.07 per cent at Rs 86,174 per 10 grams in a business turnover of 16,537 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.08 per cent to USD 2,933.54 per ounce in New York.
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