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Commodities

Gold Futures Prices Soar to Rs 1.62 Lakh Amid Strong Spot Demand

Guavy AI Editorial Team
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Gold
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Gold futures prices on the Multi Commodity Exchange surged to Rs 1.62 lakh per 10 grams due to strong spot demand and fresh speculator positions.

The yellow metal contract for October delivery traded higher by Rs 115, or 0.07 percent, at Rs 1,62,997 per 10 grams in a business turnover of 674 lots.

Analysts said that the rise in prices was due to fresh positions created by market participants on firm spot demand.

In contrast, gold futures fell 0.30 percent to USD 4,643.42 per ounce in New York.

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