Gold Futures Rise Rs 341 to Rs 76,960/10g - MCX
Gold prices rose on Monday in futures trade on the MCX, driven by firm spot demand and a weaker rupee against the US dollar. Global gold futures also rose.
New Delhi, Dec 9 (PTI) Gold prices on Monday increased Rs 341 to Rs 76,960 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 341 or 0.45 per cent at Rs 76,960 per 10 grams in a business turnover of 12,392 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
"A decline in the rupee against the US dollar further supported bullion price," Rahul Kalantri, VP Commodities at Mehta Equities Ltd, said.
Globally, gold futures rose 0.63 per cent to USD 2,649.83 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 341 or 0.45 per cent at Rs 76,960 per 10 grams in a business turnover of 12,392 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
"A decline in the rupee against the US dollar further supported bullion price," Rahul Kalantri, VP Commodities at Mehta Equities Ltd, said.
Globally, gold futures rose 0.63 per cent to USD 2,649.83 per ounce in New York.
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