Gold Futures Rise on Spot Demand
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Gold prices increased in futures trade today, driven by strong spot demand and increased investor positions. Global gold futures also saw a rise.
New Delhi, Jul 16 (PTI) Gold prices on Wednesday increased Rs 49 to Rs 97,260 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 49, or 0.05 per cent, at Rs 97,260 per 10 grams in a business turnover of 10,695 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.41 per cent to USD 3,338.05 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 49, or 0.05 per cent, at Rs 97,260 per 10 grams in a business turnover of 10,695 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.41 per cent to USD 3,338.05 per ounce in New York.
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