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Commodities

Gold Prices Climb on Strong Demand and Speculative Trading

Guavy AI Editorial Team
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Gold
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Gold prices rose by Rs 654 to Rs 1.49 lakh per 10 grams in futures trade on the Multi Commodity Exchange due to a firm spot demand and fresh positions created by speculators.

The yellow metal contracts for October delivery traded higher by 0.44 per cent at Rs 1,49,147 per 10 grams in a business turnover of 1,953 lots.

Analysts said that the rise in precious metal prices was due to fresh positions built up by participants.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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