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BW Businessworld

Gold Futures Gain On Spot Demand

Gold contracts for the August delivery traded higher by Rs 152, or 0.31 per cent, at Rs 48,675 per 10 gram in a business turnover of 11,071 lots.

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Gold prices on Tuesday rose Rs 152 to Rs 48,675 per 10 gram in the futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for the August delivery traded higher by Rs 152, or 0.31 per cent, at Rs 48,675 per 10 gram in a business turnover of 11,071 lots.

Fresh positions built up by participants led to the rise in gold prices, analysts said.

Gold prices traded 0.15 per cent higher at USD 1,868.7 per ounce in New York. 

(PTI)