Gold Futures Surge: Prices Rise Rs 199 to Rs 62,163/10 g
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.
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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