Gold Futures Soar on Spot Demand Surge
Gold prices surged in futures trade due to strong spot demand, causing speculators to create fresh positions. The yellow metal contract rose by Rs 455 to Rs 1.52 lakh per 10 grams.
The increase in gold prices is attributed to the firm spot demand, which has led to increased buying activity among investors and traders. This development is expected to impact the overall market sentiment and may lead to further price movements.