Gold Futures Rise on Spot Demand
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Gold prices increased in futures trade due to firm spot demand and fresh positions by speculators. Global gold futures also saw a rise.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jun 11 (PTI) Gold prices on Wednesday increased Rs 154 to Rs 97,056 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 154, or 0.16 per cent, at Rs 97,056 per 10 grams in a business turnover of 13,323 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.49 per cent to USD 3,359.90 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 154, or 0.16 per cent, at Rs 97,056 per 10 grams in a business turnover of 13,323 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.49 per cent to USD 3,359.90 per ounce in New York.
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