Gold Futures Surge to Rs 78,305/10g: Spot Demand Fuels Rise
By Rediff Money Desk, New Delhi Oct 24, 2024 13:01
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.
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.
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.
Source: PTI
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