Gold Futures Rise on Spot Demand
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Gold prices increased in futures trade due to firm spot demand and increased positions by speculators. Global gold futures also saw a rise.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jun 6 (PTI) Gold prices on Friday increased Rs 144 to Rs 98,018 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 144 or 0.15 per cent at Rs 98,018 per 10 grams in a business turnover of 15,311 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.42 per cent to USD 3,366.66 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 144 or 0.15 per cent at Rs 98,018 per 10 grams in a business turnover of 15,311 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.42 per cent to USD 3,366.66 per ounce in New York.
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