Gold Prices Surge: Futures Rise Rs 754
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Gold futures jump Rs 754 to Rs 98,575 per 10 grams on MCX, driven by strong spot demand and speculative trading. Global prices see a slight dip.
Photograph: ANI Photo
New Delhi, Jun 20 (PTI) Gold prices on Friday increased Rs 754 to Rs 98,575 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 by Rs 754, or 0.76 per cent, at Rs 98,575 per 10 grams in a business turnover of 14,251 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures fell 0.72 per cent to USD 3,346.58 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 754, or 0.76 per cent, at Rs 98,575 per 10 grams in a business turnover of 14,251 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures fell 0.72 per cent to USD 3,346.58 per ounce in New York.
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