Gold futures rise to Rs 1.50 lakh/10 gm on spot demand
Gold prices on Friday rose by 0.85% per 10 grams in futures trade as speculators created fresh positions on a firm spot demand
Gold futures prices surged to ₹1.50 lakh per 10 grams on Friday due to speculative buying driven by robust spot demand, according to trade data from the Multi Commodity Exchange. The October delivery contracts for the precious metal increased by ₹1,272, or 0.85 percent, reaching ₹1,50,130 per 10 grams, with a trading volume of 1,283 lots. Analysts attributed the price lift to new positions taken by market participants. Globally, gold futures rose 1.13 percent to $4,287.50 per ounce in New York markets.
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