Gold futures rise to ₹1.52 lakh/10 gm on firm spot demand
On MCX, the yellow metal contract for the October delivery traded higher by ₹190, or 0.12%, at ₹1,52,769 per 10 grams in a business turnover of 635 lots.
Gold futures prices surged to ₹1.52 lakh per 10 grams on Wednesday due to strong spot demand, according to the Multi Commodity Exchange. Speculators opened new positions, driving the yellow metal's contract for the October delivery up by ₹190, or 0.12 per cent, to ₹1,52,769 per 10 grams. The trading volume for the day was 635 lots. Analysts attributed the price increase to the fresh positions placed by market participants. In New York, gold futures climbed 0.65 per cent to $4,384.16 per ounce.
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