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Gold Futures Gain On Spot Demand

Gold contracts for June delivery traded higher by Rs 44, or 0.09 per cent, at Rs 46,770 per 10 gram in a business turnover of 10,702 lots.

Photo Credit : Reuters

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Gold prices on Friday rose by Rs 44 to Rs 46,770 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 44, or 0.09 per cent, at Rs 46,770 per 10 gram in a business turnover of 10,702 lots.

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

Gold prices traded 0.24 per cent higher at USD 1,772.50 per ounce in New York. 

(PTI)


Tags assigned to this article:
Spot Demand gold prices gold demand trends Covid 19