Gold Futures Surge: Prices Rise to Rs 70,916/10g - MCX
Gold futures on the MCX rose Rs 280 to Rs 70,916 per 10 grams on Monday due to firm spot demand and fresh positions by speculators. Global gold prices also increased.
Photograph: Kind courtesy anomalnaya/Pixabay
New Delhi, Apr 8 (PTI) Gold prices on Monday rose Rs 280 to Rs 70,916 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher Rs 280 or 0.4 per cent at Rs 70,916 per 10 grams in a business turnover of 23,856 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.49 per cent to USD 2,356.90 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher Rs 280 or 0.4 per cent at Rs 70,916 per 10 grams in a business turnover of 23,856 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.49 per cent to USD 2,356.90 per ounce in New York.
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