Gold Futures Rise on Spot Demand
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Gold futures in India increase due to firm spot demand. June contracts rise on MCX. Global gold futures fall in New York.
New Delhi, May 12 (PTI) Gold prices on Tuesday rose by Rs 194 to Rs 1,53,857 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 194, or 0.13 per cent, at Rs 1,53,857 per 10 grams in a business turnover of 1,174 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures fell 0.44 per cent to USD 4,715.16 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 194, or 0.13 per cent, at Rs 1,53,857 per 10 grams in a business turnover of 1,174 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures fell 0.44 per cent to USD 4,715.16 per ounce in New York.
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