Gold futures rise on spot demand

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Gold futures rise on spot demand

Gold prices on Tuesday increased Rs 73 to Rs 76,760 per 10 grams in futures trade as speculators created positions on a firm spot demand.

Gold prices on Tuesday increased Rs 73 to Rs 76,760 per 10 grams in futures trade as speculators created positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 73 or 0.1 per cent at Rs 76,760 per 10 grams in a business turnover of 12,400 lots.

Fresh positions built up by participants led to a rise in gold prices, analysts said.

Globally, gold futures rose 0.07per cent to USD 2,640.89 per ounce in New York.

Tags gold
Gold futures rise on spot demand

Gold futures rise on spot demand