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Gold Futures Rise Amid Spot Demand, Hits Rs 1.63 Lakh Per 10 Grams

Guavy AI Editorial Team
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Gold prices surged on Monday in futures trade, led by fresh positions built up by participants. The precious metal's price rose to Rs 1.63 lakh per 10 grams after a spot demand increase.

The Multi Commodity Exchange saw the yellow metal contracts for October delivery trading higher by Rs 1,283, or 0.79 percent, at Rs 1,63,721 per 10 grams in a business turnover of 3,424 lots.

Analysts attributed the rise to fresh positions built up by participants, which led to an increase in precious metal prices.

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