Gold Futures Surge: Prices Rise Rs 269 to Rs 72,012/10g
Gold futures climbed Rs 269 to Rs 72,012 per 10 grams on Thursday, driven by increased demand and speculative buying. Global gold prices also saw gains.
New Delhi, Aug 29 (PTI) Gold prices on Thursday rose Rs 269 to Rs 72,012 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for October delivery traded higher Rs 269 or 0.37 per cent at Rs 72,012 per 10 grams in a business turnover of 16,579 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.61 per cent to USD 2,553.20 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for October delivery traded higher Rs 269 or 0.37 per cent at Rs 72,012 per 10 grams in a business turnover of 16,579 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.61 per cent to USD 2,553.20 per ounce in New York.
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