Gold prices surged Rs 53 to Rs 62,500 per 10 grams on the MCX due to increased demand. Global gold futures also rose, influenced by speculative trading.
New Delhi, Jan 31 (PTI) Gold prices on Wednesday rose Rs 53 to Rs 62,500 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 53, or 0.08 per cent, at Rs 62,500 per 10 grams in a business turnover of 14,667 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased by 0.21 per cent to USD 2,055.30 per ounce in New York.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback