Gold prices surged Rs 328 to Rs 67,790 per 10 grams on the MCX, driven by strong spot demand and increased speculation. Global gold futures also saw a rise.
Photograph: ANI Photo
New Delhi, Jul 26 (PTI) Gold prices on Friday rose Rs 328 to Rs 67,790 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher Rs 328 or 0.49 per cent at Rs 67,790 per 10 grams in a business turnover of 6,050 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.70 per cent to USD 2,416.70 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