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Published on 29/05/2020 2:54:08 PM | Source: Dion Global Solutions Ltd

Gold futures rise on spot demand

Posted in Commodity Top News| #Gold #Commodity

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Gold prices on Friday rose by Rs 130 to Rs 46,535 per 10 gram in futures trade as speculators created fresh positions on firm spot demand. On the Multi Commodity Exchange, gold contracts for June traded higher by Rs 130, or 0.28 per cent, to Rs 46,535 per 10 gram in a business turnover of 2,650 lots.

The yellow metal for August delivery edged up by Rs 158, or 0.34 per cent, to Rs 46,651 per 10 gram in a business turnover of 14,366 lots. Fresh positions built up by participants mainly led to the rise in gold prices, analysts said. Gold prices traded higher by 0.20 per cent at USD 1,731.70 per ounce in New York