Gold Futures Rise on Spot Demand - PTI
Gold prices surged in India on Thursday, driven by strong spot demand. Find out why gold futures rose and how global markets reacted.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Mar 6 (PTI) Gold prices on Thursday rose Rs 199 to Rs 86,032 per 10 grams in futures trade as speculators created fresh positions on firm spot demand.
On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 199 or 0.23 per cent at Rs 86,032 per 10 grams in a business turnover of 14,629 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures decreased 0.11 per cent to USD 2,916.23 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 199 or 0.23 per cent at Rs 86,032 per 10 grams in a business turnover of 14,629 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures decreased 0.11 per cent to USD 2,916.23 per ounce in New York.
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