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Gold futures rise on firm spot demand
image for illustrative purpose
Gold prices on Thursday rose Rs130 to Rs61,635 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs130, or 0.21 per cent, at Rs61,635 per 10 grams in a business turnover of 7,034 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased by 0.37 per cent to $2,014.00 per ounce in New York.
