Gold price today: Futures rise to ₹1.54 lakh/10 gm on firm spot demand
Fresh positions by market participants led to a rise in gold’s prices, analysts say
Gold prices surged by ₹1,309 to ₹1,54,290 per 10 grams in futures trade on Friday, as speculators opened new positions fueled by strong spot demand, according to the Multi Commodity Exchange. The October delivery contract for the yellow metal climbed by ₹1,309, or 0.86 percent, reaching ₹1,54,290 per 10 grams in a trading volume of 2,156 lots. Analysts attributed the price increase to fresh positions taken by market participants. Gold futures also rose 1.16 percent to $4,392.24 per ounce in New York.
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