Gold Futures Surge Rs 607 to Rs 77,163/10g
Gold prices in India jumped Rs 607 to Rs 77,163 per 10 grams on Friday, driven by strong spot demand and increased speculation. Global gold futures also saw a rise.
Photograph: ANI Photo
New Delhi, Nov 29 (PTI) Gold prices on Friday jumped Rs 607 to Rs 77,163 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 607 or 0.79 per cent at Rs 77,163 per 10 grams in a business turnover of 12,174 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.86 per cent to USD 2,660.73 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 607 or 0.79 per cent at Rs 77,163 per 10 grams in a business turnover of 12,174 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.86 per cent to USD 2,660.73 per ounce in New York.
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