Gold prices in India surged on Tuesday, fueled by strong spot demand and increased investor interest. Global gold futures also rose, indicating a positive trend in the market.
Photograph: ANI Photo
New Delhi, Oct 22 (PTI) Gold prices on Tuesday increased Rs 279 to Rs 78,318 per 10 grams in futures trade as speculators created positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 279 or 0.36 per cent at Rs 78,318 per 10 grams in a business turnover of 14,924 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.58 per cent to USD 2,735.50 per ounce in New York. PTI DR
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