Gold and Silver Prices Soar on MCX Amid Strong Spot Demand
Gold futures prices on the Multi Commodity Exchange (MCX) surged by Rs 924, or 0.6%, to Rs 1,54,689 per 10 grams in October delivery contracts.
The price hike was driven by speculators creating fresh positions on a firm spot demand, according to market analysts.
Silver futures also rose by Rs 3,429, or 1.46%, to Rs 2,39,088 per kilogram for September delivery in a business turnover of 1,091 lots.