Gold Futures Rise on Spot Demand
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Gold futures jump Rs 1,879 to Rs 1,53,550 per 10 grams on firm spot demand. June contracts up 1.24% on MCX. Global gold rises.
New Delhi, Apr 22 (PTI) Gold prices on Wednesday rose by Rs 1,879 to Rs 1,53,550 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 1,879, or 1.24 per cent, at Rs 1,53,550 per 10 grams in a business turnover of 8,393 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 1.30 per cent to USD 4,780.96 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 1,879, or 1.24 per cent, at Rs 1,53,550 per 10 grams in a business turnover of 8,393 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 1.30 per cent to USD 4,780.96 per ounce in New York.
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