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Commodities

Gold Futures Soar Rs 1,283 on Firm Spot Demand and Speculator Activity

Guavy AI Editorial Team
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Gold
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Gold prices surged by Rs 1,283 to Rs 1.63 lakh per 10 grams in futures trade on Monday, as speculators created fresh positions due to a firm spot demand.

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 with a business turnover of 3,424 lots.

Analysts noted that fresh positions built up by participants led to the rise in precious metal prices.

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