Gold Prices Soar on Strong Spot Demand, Speculative Bets
Gold prices surged in futures trade by Rs 115 to Rs 1.62 lakh per 10 grams as speculators created fresh positions on firm spot demand.
The Multi Commodity Exchange saw a rise of 0.07% in the yellow metal contract for October delivery, traded in 674 lots.
Analysts attributed the increase in prices to market participants creating new positions driven by strong demand.