Gold Prices Soar ₹1,501 on MCX Amid Firm Spot Demand
Gold futures prices on the Multi Commodity Exchange (MCX) rose by ₹1,501 to ₹1.54 lakh per 10 grams in a business turnover of 1,332 lots on Tuesday.
The yellow metal contracts for October delivery traded higher by 0.98% at ₹1,54,600 per 10 grams due to fresh positions built up by participants on firm spot demand, analysts said.
Globally, gold futures also increased 0.35% to $4,406.15 per ounce in New York, further supporting the rise in prices.