Gold futures prices in India rose by Rs 199 on Monday, reaching Rs 62,163 per 10 grams, driven by strong spot demand and increased speculation. Global gold futures also saw a rise.
New Delhi, Jan 29 (PTI) Gold prices on Monday rose Rs 199 to Rs 62,163 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 199, or 0.32 per cent, at Rs 62,163 per 10 grams in a business turnover of 2,976 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased by 0.66 per cent to USD 2,049.50 per ounce in New York.
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