Gold Prices Surge, Silver Soars as Speculators Drive Futures Trade

Gold futures rose by Rs 1,501 to Rs 1.54 lakh per 10 grams in futures trade on Tuesday as speculators created fresh positions due to firm spot demand.

The yellow metal contracts for October delivery traded higher by 0.98 percent at Rs 1,54,600 per 10 grams in a business turnover of 1,332 lots on the Multi Commodity Exchange.

Silver futures also jumped to Rs 2.37 lakh per kilogram as white metal for September delivery increased by 0.35 percent to Rs 2,37,700 per kilogram in a business turnover of 1,688 lots.