Gold Futures Rise on Spot Demand
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Gold prices increased by Rs 298 to Rs 97,080 per 10 grams in futures trade due to firm spot demand and increased speculation. Global gold futures also saw a rise.
New Delhi, Jul 4 (PTI) Gold prices on Friday rose Rs 298 to Rs 97,080 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 Rs 298 or 0.31 per cent at Rs 97,080 per 10 grams in a business turnover of 12,416 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.27 per cent to USD 3,351 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher Rs 298 or 0.31 per cent at Rs 97,080 per 10 grams in a business turnover of 12,416 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.27 per cent to USD 3,351 per ounce in New York.
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