Gold futures rise on spot demandOn the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 154, or 0.16 per cent, at Rs 97,056 per 10 grams in a business turnover of 13,323 lots.
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Gold bars and coins. Image for representation.
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New Delhi: Gold prices on Wednesday increased Rs 154 to Rs 97,056 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 154, or 0.16 per cent, at Rs 97,056 per 10 grams in a business turnover of 13,323 lots.
Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures rose 0.49 per cent to $3,359.90 per ounce in New York.