Gold Futures Rise on Spot Demand
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Gold prices increased by Rs 150 to Rs 99,269 per 10 grams in futures trading due to strong spot demand and increased speculation.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Jul 30 (PTI) Gold prices on Wednesday rose Rs 150 to Rs 99,269 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for October delivery traded higher Rs 150 or 0.15 per cent at Rs 99,269 per 10 grams in a business turnover of 12,181 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.01 per cent to USD 3,327.08 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for October delivery traded higher Rs 150 or 0.15 per cent at Rs 99,269 per 10 grams in a business turnover of 12,181 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.01 per cent to USD 3,327.08 per ounce in New York.
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