Gold prices jumped in futures trade on Thursday, driven by firm spot demand and increased speculation. Global gold futures also rose, indicating a strong market trend.
Photograph: Heinz-Peter Bader/Reuters/Reuters
New Delhi, Oct 24 (PTI) Gold prices on Thursday jumped Rs 493 to Rs 78,305 per 10 grams in futures trade as speculators created positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 493 or 0.63 per cent at Rs 78,305 per 10 grams in a business turnover of 14,721 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.73 per cent to USD 2,735.35 per ounce in New York.
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