Home Buisness news Gold futures gain on spot demand

Gold futures gain on spot demand

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Gold costs on Tuesday rose by Rs 187 to Rs 50,320 per 10 gram in futures commerce as speculators created contemporary positions on agency spot demand.

On the Multi Commodity Exchange, gold contracts for October supply traded larger by Rs 187, or 0.37 per cent, at Rs 50,320 per 10 gram in a enterprise turnover of 336 tons.

Fresh positions constructed up by members led to the rise in gold costs, analysts mentioned.

Gold costs traded 0.20 per cent larger at USD 1,886.00 per ounce in New York.

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