Gold prices in India surged Rs 92 to Rs 29,057 per ten gram at futures trade yesteday, as speculators jacked up their positions tracking a firming trend abroad.
Gold prices in India surged Rs 92 to Rs 29,057 per ten gram at futures trade yesteday, as speculators jacked up their positions tracking a firming trend abroad, according to a PTI report. At the Multi Commodity Exchange, gold for delivery in June increased Rs 92 or 0.32 percent to Rs 29,057 per 10 gram with a business turnover of 6,238 lots, noted the report.
Similarly, gold for delivery in August contract moved up by Rs 72 or 0.25 percent to Rs 29,389 per 10 gram in 2,090 lots. Market analysts said besides a firming global trend, improved demand at the spot market mainly led to rise in gold prices at the futures trade. Meanwhile, the yellow metal went up $ 4.60 to $ 1,578.30 an ounce in London, added the report.
