Gold futures gain on spot demand
Gold contracts for the February delivery traded higher by Rs 64, or 0.12 per cent, at Rs 51,488 per 10 gram in a business turnover of 10,468 lots.
By PTI |
Agencies
Gold prices rose Rs 64 to Rs 51,488 per 10 gram in the futures trade on Tuesday as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for the February delivery traded higher by Rs 64, or 0.12 per cent, at Rs 51,488 per 10 gram in a business turnover of 10,468 lots.
Fresh positions built up by participants led to the rise in gold prices, analysts said.
Globally, gold prices traded 0.02 per cent lower at USD 1,946.20 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for the February delivery traded higher by Rs 64, or 0.12 per cent, at Rs 51,488 per 10 gram in a business turnover of 10,468 lots.
Fresh positions built up by participants led to the rise in gold prices, analysts said.
Globally, gold prices traded 0.02 per cent lower at USD 1,946.20 per ounce in New York.
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