Gold Futures Rise on Spot Demand
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Gold futures in India increase due to fresh spot demand. June contracts rise on MCX. Global gold futures fall in New York.
New Delhi, May 19 (PTI) Gold prices on Tuesday rose by Rs 439 to Rs 1,59,840 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 439, or 0.28 per cent, at Rs 1,59,840 per 10 grams in a business turnover of 1,076 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures fell 0.40 per cent to USD 4,548.61 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 439, or 0.28 per cent, at Rs 1,59,840 per 10 grams in a business turnover of 1,076 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures fell 0.40 per cent to USD 4,548.61 per ounce in New York.
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