Gold Futures Surge: Prices Rise to Rs 71,363/10g
By Rediff Money Desk, New Delhi Aug 23, 2024 14:13
Gold prices in India jumped today, driven by firm spot demand and increased speculation. Futures traded higher at Rs 71,363 per 10 grams, while global prices also rose.
New Delhi, Aug 23 (PTI) Gold prices on Friday jumped Rs 169 to Rs 71,363 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 169 or 0.24 per cent at Rs 71,363 per 10 grams in a business turnover of 16,902 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.46 per cent to USD 2,528.20 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for October delivery traded higher Rs 169 or 0.24 per cent at Rs 71,363 per 10 grams in a business turnover of 16,902 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.46 per cent to USD 2,528.20 per ounce in New York.
Source: PTI
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