Gold futures rise to ₹1.54 lakh/10 gm on spot demand
On the MCX, the yellow metal contracts for October delivery traded higher by ₹1,501, or 0.98%, at ₹1,54,600 per 10 grams in a business turnover of 1,332 lots
Gold futures prices reached ₹1.54 lakh per 10 grams on Tuesday due to rising spot demand, according to trade data. The Multi Commodity Exchange reported a 0.98% increase in October delivery contracts, which now trade at ₹1,54,600 per 10 grams. Analysts noted that fresh positions from traders contributed to the price surge. Globally, gold futures rose 0.35% to $4,406.15 per ounce in New York.
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