Gold Futures Rise on Strong Spot Demand - PTI
Gold prices rose in India's futures market on Friday due to firm spot demand. Globally, gold futures also gained in New York. Read more on PTI.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Dec 6 (PTI) Gold prices on Friday rose Rs 167 to Rs 76,643 per 10 grams in futures trade as speculators created positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 167 or 0.22 per cent at Rs 76,643 per 10 grams in a business turnover of 12,479 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.24 per cent to USD 2,637.99 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 167 or 0.22 per cent at Rs 76,643 per 10 grams in a business turnover of 12,479 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.24 per cent to USD 2,637.99 per ounce in New York.
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