Gold Futures Surge: Price Jumps to Rs 79,695/10g - PTI
Gold prices in India surged Rs 462 on Wednesday, reaching Rs 79,695 per 10 grams in futures trade driven by strong spot demand and increased positions by speculators.
Photograph: ANI Photo
New Delhi, Oct 30 (PTI) Gold prices on Wednesday increased Rs 462 to Rs 79,695 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 462 or 0.58 per cent at Rs 79,695 per 10 grams in a business turnover of 14,719 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.49 per cent to USD 2,788.35 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 462 or 0.58 per cent at Rs 79,695 per 10 grams in a business turnover of 14,719 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.49 per cent to USD 2,788.35 per ounce in New York.
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