Gold Futures Surge: Prices Rise Rs 507/10g
Gold futures prices on the Multi Commodity Exchange jumped Rs 507 to Rs 75,804/10g, driven by strong spot demand and fresh positions from speculators.
New Delhi, Oct 11 (PTI) Gold prices on Friday increased Rs 507 to Rs 75,804 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 507 or 0.67 per cent at Rs 75,804 per 10 grams in a business turnover of 14,256 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said. Gold futures increased 0.54 per cent to USD 2,643 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 507 or 0.67 per cent at Rs 75,804 per 10 grams in a business turnover of 14,256 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said. Gold futures increased 0.54 per cent to USD 2,643 per ounce in New York.
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