Gold prices in India rose on Tuesday, driven by strong spot demand and increased futures trading. Global gold futures also saw a rise in New York.
New Delhi, Oct 29 (PTI) Gold prices on Tuesday increased Rs 229 to Rs 78,795 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 229 or 0.29 per cent at Rs 78,795 per 10 grams in a business turnover of 14,327 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.35 per cent to USD 2,752.81 per ounce in New York.
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