Gold Futures Surge: Prices Rise to Rs 85,559/10g
Gold futures on the Multi Commodity Exchange (MCX) climbed by Rs 504 to Rs 85,559 per 10 grams on Tuesday, driven by strong spot demand and speculative buying.
Photograph: ANI Photo
New Delhi, Feb 18 (PTI) Gold prices on Tuesday rose by Rs 504 to Rs 85,559 per 10 grams in futures trade as speculators created positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 504 or 0.59 per cent at Rs 85,559 per 10 grams in a business turnover of 15,912 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.62 per cent to USD 2,914.46 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 504 or 0.59 per cent at Rs 85,559 per 10 grams in a business turnover of 15,912 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.62 per cent to USD 2,914.46 per ounce in New York.
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