Gold prices rose sharply in India's futures market on Tuesday, driven by firm spot demand and increased speculation. Read more about the price surge and global trends.
New Delhi, Jan 30 (PTI) Gold prices on Tuesday jumped Rs 330 to Rs 62,516 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 330, or 0.53 per cent, at Rs 62,516 per 10 grams in a business turnover of 1,180 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased by 0.56 per cent to USD 2,056.10 per ounce in New York.
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