Gold Futures Surge: Price Rises Rs 277 to Rs 72,190/10g
Gold futures prices rose on Wednesday due to strong spot demand and fresh positions taken by speculators. Gold prices closed at Rs 72,190 per 10 grams on the Multi Commodity Exchange.
New Delhi, Sep 11 (PTI) Gold prices on Wednesday increased Rs 277 to Rs 72,190 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for October delivery traded higher Rs 277 or 0.39 per cent at Rs 72,190 per 10 grams in a business turnover of 14,930 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.43 per cent to USD 2,554 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for October delivery traded higher Rs 277 or 0.39 per cent at Rs 72,190 per 10 grams in a business turnover of 14,930 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.43 per cent to USD 2,554 per ounce in New York.
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