Gold prices in India rose by Rs 253 on Monday, driven by firm spot demand and increased speculative positions. Global gold futures also saw a gain, reaching USD 2,543.30 per ounce.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Aug 19 (PTI) Gold prices on Monday rose Rs 253 to Rs 71,628 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 253 or 0.35 per cent at Rs 71,628 per 10 grams in a business turnover of 17,724 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.22 per cent to USD 2,543.30 per ounce in New York.
Rediff.com » Market News » Gold Futures Surge: Rs 253 Rise to Rs 71,628/10g - August 19
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