Gold prices in India jumped on Thursday, driven by strong spot demand and increased investor interest. Global gold futures also rose in New York.
New Delhi, Jul 18 (PTI) Gold prices on Thursday jumped Rs 353 to Rs 74,490 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher Rs 353 or 0.48 per cent at Rs 74,490 per 10 grams in a business turnover of 12,897 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.65 per cent to USD 2,475.80 per ounce in New York.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback