Gold Futures Spike on Strong Spot Demand and Speculative Buying
Gold futures rose on spot demand in India's commodity market, with prices increasing by Rs 924 to Rs 1.54 lakh per 10 grams for October delivery.
The rise was attributed to speculators creating fresh positions due to a firm spot demand, according to analysts.
Globally, gold futures also increased 0.74% to $4,402.40 per ounce in New York.