Gold Futures Rise on Speculator Demand
Gold futures rose sharply on the Multi Commodity Exchange (MCX) on Tuesday, supported by fresh positions created by speculators and firm spot demand.
The price of gold for October delivery climbed Rs 704, or 0.46%, to Rs 1,53,522 per 10 grams.
This increase in gold prices is attributed to the creation of new positions by speculators, which has boosted the market sentiment and led to a rise in demand.