Gold prices rise to ₹1.53 lakh/10 gm on firm spot demand
On MCX, the yellow metal contract for the October delivery traded higher by ₹231, or 0.15% at ₹1,53,994 per 10 grams in a business turnover of 867 lots.
Gold prices soared to ₹1.53 lakh per 10 grams on Thursday due to strong spot demand, according to futures trade data. The speculation resulted in fresh positions being created, pushing the price of the precious metal higher. The Multi Commodity Exchange recorded a contract for October delivery trading up by ₹231, or 0.15 percent, at ₹1,53,994 per 10 grams.
The business turnover for the day was 867 lots. Analysts suggested that the fresh positions by market participants contributed to the upward movement of gold prices. In New York, gold futures climbed 0.47 percent to $4,419.57 per ounce.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
