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Commodities

Gold Prices Surge to Rs 1,44,090 as Speculators Bet on Strong Demand

Guavy AI Editorial Team
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Gold
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Gold futures saw a significant rise in prices on Monday, reaching Rs 1,44,090 per 10 grams due to strong spot demand. This increase is a direct result of speculators creating fresh positions.

On the Multi Commodity Exchange, August delivery contracts for gold traded higher by Rs 984, or 0.69 percent, in a business turnover of 591 lots.

Analysts noted that the rise in precious metal prices was driven by fresh positions built up by participants.

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