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Commodities

Indian Gold Futures Surge on Strong Spot Demand

Guavy AI Editorial Team
Instruments
Gold
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Gold futures prices rose on spot demand in India's Multi Commodity Exchange (MCX), gaining Rs 364 to reach Rs 1,43,740 per 10 grams. This increase was driven by speculators creating fresh positions, indicating a firm spot demand for gold.

The rise in gold futures prices comes as investors and traders are increasingly seeking safe-haven assets amidst market volatility. Gold's price has been rising steadily over the past few weeks, with this latest surge being attributed to strong spot demand.

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