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Gold futures gain Rs 62 to reach Rs 49,505 per 10 gram on firm spot demand

Gold prices increased by Rs 62 to Rs 49,505 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand

Gold futures | Gold demand | Gold Prices

Press Trust of India  |  New Delhi 

Photo: Bloomberg

on Thursday increased by Rs 62 to Rs 49,505 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for October delivery traded higher by Rs 62 or 0.13 per cent at Rs 49,505 per 10 gram in a business turnover of 7,699 lots.

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

Globally, gold was trading 0.49 per cent higher at USD 1,667.50 per ounce in New York.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, September 22 2022. 15:11 IST