Gold Futures Surge on Spot Demand

1 Minute Read Listen to Article

Jul 03, 2025 13:01

Gold prices jumped Rs 160 to Rs 97,550 per 10 grams in futures trade due to firm spot demand and increased speculator positions. Global gold futures also saw a rise.

New Delhi, Jul 3 (PTI) Gold prices on Thursday jumped Rs 160 to Rs 97,550 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 160 or 0.16 per cent at Rs 97,550 per 10 grams in a business turnover of 13,137 lots.

Fresh positions built up by participants led to a rise in gold prices, analysts said.

Globally, gold futures rose 0.28 per cent to USD 3,369 per ounce in New York.

Source: PTI By Rediff Money Desk, New Delhi

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.