Gold futures prices surge by Rs 771 to Rs 46,065 per 10 gram on domestic demand
Gold prices on Monday rose Rs 771 to Rs 46,065 per 10 gram in futures trade as speculators indulged in creating fresh positions on firm spot demand
New Delhi: Gold prices on Monday rose Rs 771 to Rs 46,065 per 10 gram in futures trade as speculators indulged in creating fresh positions on firm spot demand.
On the Multi Commodity Exchange, gold contracts for June traded higher by Rs 771, or 1.7 percent, to Rs 46,065 per 10 gram in a business turnover of 17,577 lots.
The yellow metal for August delivery edged up by Rs 737, or 1.62 percent, to Rs 46,223 per 10 gram in a business turnover of 1,986 lots.
Fresh positions built up by participants on spot demand mainly led to rise in gold prices, analysts said.
Globally, gold prices fell 0.61 percent to $1,742.10 per ounce in New York.
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According to the RBI, premature redemption can be done only if the buyer approaches the concerned post office/bank at least one day prior to the coupon payment date. The money will be credited to the designated bank account of the investor