Gold Futures Rise on Spot Demand - PTI
Gold prices in India rose on Monday, driven by increased spot demand and speculation, while global prices saw a slight dip. Learn more about the gold market trends.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Mar 10 (PTI) Gold prices on Monday rose Rs 23 to Rs 85,900 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 23 or 0.03 per cent at Rs 85,900 per 10 grams in a business turnover of 15,094 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures marginally decreased 0.02 per cent to USD 2,908.46 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 23 or 0.03 per cent at Rs 85,900 per 10 grams in a business turnover of 15,094 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures marginally decreased 0.02 per cent to USD 2,908.46 per ounce in New York.
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