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Commodities

Gold Futures Rise ₹364 on Spot Demand in Indian Market

Guavy AI Editorial Team
Instruments
Gold
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Gold futures rose on spot demand in India's commodity market, driven by speculators building fresh positions. On the Multi Commodity Exchange (MCX), gold contracts for October delivery traded higher by ₹364 to ₹1,43,740 per 10 grams.

The increase of 0.25% was attributed to robust spot market demand, which led participants to create new positions in the precious metal. Analysts noted that this surge was a result of fresh positions being built up by speculators.

Business turnover on the MCX for gold contracts reached 1,691 lots during this period.

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