Gold price climbs ₹1,432 to ₹1.60 lakh/10 gm on firm spot demand
Fresh positions by market participants led to a rise in gold prices, analysts say
On Friday, gold prices climbed by ₹1,432 to ₹1.60 lakh per 10 grams in futures trading, driven by fresh speculator positions fueled by strong spot demand. The Multi Commodity Exchange reported the October delivery contract for the yellow metal surged ₹1,432, or 0.9%, to ₹1,60,857 per 10 grams, with a trading volume of 2,542 lots. Analysts attributed the price increase to fresh positions by market participants. Gold futures also rose 0.98% to $4,561.01 per ounce in New York.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
