Gold Futures Surge: Up Rs 237 to Rs 70,026/10gm
By Rediff Money Desk, New Delhi Aug 05, 2024 13:44
Gold prices in India jumped on Monday, fueled by strong spot demand and increased speculation. Global gold futures also saw gains in New York.
![Gold Futures Surge: Up Rs 237 to Rs 70,026/10gm](https://im.rediff.com/money/2017/oct/11gold.jpg)
New Delhi, Aug 5 (PTI) Gold prices on Monday jumped Rs 237 to Rs 70,026 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 237 or 0.34 per cent at Rs 70,026 per 10 grams in a business turnover of 19,248 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.19 per cent to USD 2,474.40 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher Rs 237 or 0.34 per cent at Rs 70,026 per 10 grams in a business turnover of 19,248 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures increased 0.19 per cent to USD 2,474.40 per ounce in New York.
Source: PTI
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