Gold futures strengthen on sustained buying

Gold futures prices strengthened by 0.24 per cent on the Multi Commodity Exchange(MCX) today on sustained buying by speculators due to pick-up in demand ahead of the marriage season.     

Gold for October contract gained 0.24 per cent to Rs 15,000 per ten gram with an open interest in 14,242 lots.

Similarly, gold for delivery in December inched up by 0.16 per cent to Rs 15,003 per ten gram, clocking an open interest in 1,923 lots.

Marketmen said sustained buying by speculators due to pick-up in demand in spot markets ahead of the coming marriage season mainly helped gold prices to trade higher at futures market here.