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.
Photograph: ANI Photo
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.
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