Gold prices surged in India's futures market today due to robust spot demand. Speculative buying also fueled the increase, while global prices saw a slight decline. Learn more about the gold market trends.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jan 28 (PTI) Gold prices on Tuesday increased Rs 220 to Rs 79,798 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 220 or 0.28 per cent at Rs 79,798 per 10 grams in a business turnover of 4,397 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures declined 0.05 per cent to USD 2,739.54 per ounce in New York.
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