Gold prices jumped Rs 209 on Thursday to Rs 72,877 per 10 grams in futures trade, driven by strong spot demand and speculation. Global gold futures also saw a rise.
Photograph: Kind courtesy anomalnaya/Pixabay
New Delhi, Jul 11 (PTI) Gold prices on Thursday jumped Rs 209 to Rs 72,877 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher Rs 209 or 0.29 per cent at Rs 72,877 per 10 grams in a business turnover of 12,343 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.24 per cent to USD 2,385.40 per ounce in New York.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback