Domestic gold futures rise to ₹1.52 lakh/10 gm on spot demand
On MCX, the yellow metal contracts for October delivery traded higher by ₹455, or 0.3%, at ₹1,52,275 per 10 grams in a business turnover of 1,127 lots.
Gold futures prices soared to ₹1.52 lakh per 10 grams on Monday, driven by speculative gains from fresh positions fueled by strong demand in the spot market. On the Multi Commodity Exchange, October delivery contracts surged by ₹455, or 0.3%, to ₹1,52,275 per 10 grams, with a trading volume of 1,127 lots. Analysts attributed the price increase to the influx of new positions. Meanwhile, gold futures globally slipped by 0.16% to $4,334.53 per ounce in New York.
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