Gold Futures Surge: Price Rises to Rs 71,977/10g
Gold prices jumped Rs 200 to Rs 71,977 per 10 grams in futures trade on Wednesday due to firm spot demand and fresh positions built by speculators. Global gold futures also saw an increase.
New Delhi, Aug 21 (PTI) Gold prices on Wednesday jumped Rs 200 to Rs 71,977 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 200 or 0.28 per cent at Rs 71,977 per 10 grams in a business turnover of 17,678 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.15 per cent to USD 2,554.50 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for October delivery traded higher Rs 200 or 0.28 per cent at Rs 71,977 per 10 grams in a business turnover of 17,678 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.15 per cent to USD 2,554.50 per ounce in New York.
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