Gold Prices Rise by Rs 115 on Speculator Activity
Gold prices rose by Rs 115 to Rs 1,62,997 per 10 grams in futures trade on Wednesday as speculators built fresh positions amid firm spot demand.
The Multi Commodity Exchange (MCX) saw the gold contract for October delivery increase by Rs 115, or 0.07 per cent, to Rs 1,62,997 per 10 grams. The contract recorded a business turnover of 674 lots.
Analysts attributed the rise in gold futures to fresh positions created by market participants.