Gold price today: Futures rise ₹1,029 to ₹1.53 lakh/10 gm on firm spot demand
Fresh positions by market participants led to a rise in gold’s prices, analysts say
On Thursday, gold prices surged by ₹1,029 to reach ₹1.53 lakh per 10 grams in futures trade, driven by a surge in speculative positions fueled by robust spot demand, according to market reports. The Multi Commodity Exchange noted that the October delivery contract for the precious metal climbed by ₹1,029, or 0.68 percent, reaching ₹1,53,431 per 10 grams, with a trading volume of 2,467 lots.
Analysts attributed the price increase to the influx of fresh positions by market participants. Meanwhile, gold futures experienced a decline of 0.89 percent, settling at $4,420.49 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.
