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.
In the international market, gold was trading lower at $1,832 per ounce, while silver remained flat at $27.38 per ounce
The price of 22-carat gold in Delhi today is Rs 45,600 while 24-carat gold costs Rs 49,740 for 10 grams
Analysts say that silver has been able to outshine gold because of its dual nature as it is an industrial raw material as well as a precious metal