Gold Futures Rise on Spot Demand - PTI
Gold prices rose in India's futures market on Wednesday, driven by strong spot demand and increased speculative positions. Global gold futures saw a slight decrease.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Mar 12 (PTI) Gold prices on Wednesday rose Rs 35 to Rs 86,187 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 35 or 0.04 per cent at Rs 86,187 per 10 grams in a business turnover of 14,487 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures decreased 0.14 per cent to USD 2,911.90 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 35 or 0.04 per cent at Rs 86,187 per 10 grams in a business turnover of 14,487 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures decreased 0.14 per cent to USD 2,911.90 per ounce in New York.
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