Gold Prices Surge: Futures Rise Rs 540
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Gold futures jump Rs 540 to Rs 97,231 per 10 grams on MCX, driven by strong spot demand and increased speculation. Global gold prices also see an uptick.
Photograph: ANI Photo
New Delhi, Jul 11 (PTI) Gold prices on Friday rose Rs 540 to Rs 97,231 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 540 or 0.56 per cent at Rs 97,231 per 10 grams in a business turnover of 12,125 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.30 per cent to USD 3,334 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher Rs 540 or 0.56 per cent at Rs 97,231 per 10 grams in a business turnover of 12,125 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.30 per cent to USD 3,334 per ounce in New York.
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