Gold Futures Rise on Spot Demand
x
Gold prices increased by Rs 471 to Rs 98,495 per 10 grams in futures trade due to firm spot demand and fresh positions by speculators. Globally, gold futures rose 0.54% to USD 3,368.09 per ounce.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jul 21 (PTI) Gold prices on Monday increased by Rs 471 to Rs 98,495 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 471, or 0.48 per cent, at Rs 98,495 per 10 grams in a business turnover of 10,848 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.54 per cent to USD 3,368.09 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 471, or 0.48 per cent, at Rs 98,495 per 10 grams in a business turnover of 10,848 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.54 per cent to USD 3,368.09 per ounce in New York.
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