Gold futures rise to ₹1.51 lakh/10 gm on firm spot demand
On MCX, the yellow metal contract for the October delivery traded higher by ₹803, or 0.53%, at ₹1,51,612 per 10 grams in a business turnover of 775 lots.
On Wednesday, gold futures on the Multi Commodity Exchange climbed by Rs 803, reaching ₹1.51 lakh per 10 grams. This surge was driven by speculative traders opening new positions amidst robust spot demand. The October delivery contract for the commodity rose by 0.53 percent, trading at ₹1,51,612 per 10 grams in a volume of 775 lots. Experts attributed the price increase to fresh speculative activity in the market. Gold futures also gained 0.70 percent to $4,322.14 per ounce in New York.
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