Gold Futures Rise on Spot Demand
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Gold prices increased in futures trade today, driven by strong spot demand and increased speculation. Global gold futures also saw a rise.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jun 25 (PTI) Gold prices on Wednesday increased Rs 274 to Rs 97,297 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 274 or 0.28 per cent at Rs 97,297 per 10 grams in a business turnover of 13,447 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures rose 0.26 per cent to USD 3,332.41 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 274 or 0.28 per cent at Rs 97,297 per 10 grams in a business turnover of 13,447 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures rose 0.26 per cent to USD 3,332.41 per ounce in New York.
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