Gold Futures Rise on Spot Demand
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Gold prices edged up to Rs 1,00,330 per 10 grams in futures trading due to increased spot demand and fresh speculative positions. Global futures saw a slight dip.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jul 23 (PTI) Gold prices on Wednesday rose marginally to Rs 1,00,330 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 Re 1 at Rs 1,00,330 per 10 grams in a business turnover of 16,073 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures fell 0.11 per cent to USD 3,427.74 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher Re 1 at Rs 1,00,330 per 10 grams in a business turnover of 16,073 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures fell 0.11 per cent to USD 3,427.74 per ounce in New York.
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