Futures Rising On Unabated Buying Support

Gold futures increased by Rs38 to Rs75,351 per 10 grams as speculators created fresh positions on a firm spot demand. Silver futures jumped Rs635 to Rs92,680 per kilogram as participants widened their bets on a firm spot demand.

On Multi Commodity Exchange (MCX), gold contracts for October delivery traded higher by Rs38 or 0.05 per cent at Rs75,351 per 10 grams in a business turnover of 6,409 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.18 per cent to $2,689.50 per ounce in New York. On MCX, silver contracts for December delivery increased Rs635 or 0.69 per cent to Rs92,680 per kg in 25,697 lots.