Begin typing your search...
Futures rise on firm spot demand
image for illustrative purpose
Gold prices jumped Rs200 to Rs71,977 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. Silver futures rose Rs216 to Rs84,946 per kilogram as participants widened their bets on a firm spot demand.
On Multi Commodity Exchange (MCX), gold contracts for October delivery traded higher Rs200 or 0.28 per cent at Rs71,977 per 10 grams in a business turnover of 17,678 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.15 per cent to $2,554.50 per ounce in New York.
On MCX, silver contracts for September delivery increased Rs216 or 0.25 per cent to Rs84,946 per kg in 21,950 lots.
