Gold Prices Soar on MCX Amid Strong Spot Demand
Gold futures on MCX rose by Rs 1,029 to Rs 1.53 lakh per 10 grams on Thursday due to strong spot demand and fresh positions by speculators.
The October delivery contract on MCX traded 0.68% higher, with a business turnover of 2,467 lots.
Despite the rise in gold futures, prices fell 0.89% to USD 4,420.49 per ounce in New York.