Gold Futures Surge: Prices Hit Rs 98,030
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Gold futures prices surged Rs 1,326 to Rs 98,030 per 10 grams on Thursday, driven by firm spot demand and increased speculation.
Photograph: ANI Photo
New Delhi, Jun 12 (PTI) Gold prices on Thursday surged Rs 1,326 to Rs 98,030 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 by Rs 1,326 or 1.37 per cent at Rs 98,030 per 10 grams in a business turnover of 13,669 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.56 per cent to USD 3,373.78 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 1,326 or 1.37 per cent at Rs 98,030 per 10 grams in a business turnover of 13,669 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.56 per cent to USD 3,373.78 per ounce in New York.
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