Gold Futures Surge: Prices Rise Rs 1,168 to Rs 88,816/10g
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Gold futures on the Multi Commodity Exchange jumped Rs 1,168 to Rs 88,816 per 10 grams on Wednesday, driven by strong spot demand and increased speculation. Global gold futures also saw a rise.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Apr 9 (PTI) Gold prices on Wednesday jumped Rs 1,168 to Rs 88,816 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 1,168 or 1.33 per cent at Rs 88,816 per 10 grams in a business turnover of 15,663 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 1.43 per cent to USD 3,025.84 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 1,168 or 1.33 per cent at Rs 88,816 per 10 grams in a business turnover of 15,663 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 1.43 per cent to USD 3,025.84 per ounce in New York.
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