Gold futures rise on spot demand

News

NEW DELHI: Gold prices rose by Rs 85 to Rs 45,036 per 10 gram in futures trade on Friday as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 85, or 0.19 per cent, at Rs 45,036 per 10 gram in a business turnover of 8,022 lots.

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

Gold prices traded 0.43 per cent higher at USD 1,740 per ounce in New York.

Articles You May Like

Oil – ANZ have revised down their short-term oil demand forecast for 2022 and 2023
Recap on the FBI search on Trump – and the other criminal investigations underway
Gold eases as investors focus on U.S. inflation data
99% Accurate Price Action Trading System | Technical Analysis Trading | Forex Trading Techniques
Forex Trading Strategy – Horizontal Lines