Gold futures rise to ₹1.50 lakh/10 gm on firm spot demand
On the Multi Commodity Exchange, the yellow metal contract for October delivery traded higher by ₹1,475, or 0.99 per cent, at ₹1,50,511 per 10 grams in a business turnover of 2,019 lots
Gold futures prices surged to ₹1.50 lakh for 10 grams of the precious metal on Thursday, driven by strong demand from spot traders. The Multi Commodity Exchange saw the October delivery contract of the yellow metal climb by ₹1,475, or 0.99 per cent, to ₹1,50,511 per 10 grams, with a trading volume of 2,019 lots. Market analysts noted that new positions taken by investors contributed to the price increase. In the global market, gold futures climbed 0.59 per cent to $4,182.06 per ounce in New York.
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