Gold Futures Rise on Spot Demand
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Gold prices increased by Rs 320 to Rs 98,138 per 10 grams in futures trade due to firm spot demand and increased speculation. Global gold futures also saw a rise.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jul 14 (PTI) Gold prices on Monday increased by Rs 320 to Rs 98,138 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 320, or 0.33 per cent, at Rs 98,138 per 10 grams in a business turnover of 12,393 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.09 per cent to USD 3,358.72 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 320, or 0.33 per cent, at Rs 98,138 per 10 grams in a business turnover of 12,393 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.09 per cent to USD 3,358.72 per ounce in New York.
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