Gold futures trade higher as spot demand and fresh buying by market participants lift prices. Two reports covering the same move say that gold for futures increases to ₹1,47,710 per 10 grams. Deccan Chronicle notes that strong spot demand and new buying activity by traders are driving the gain. Business Line similarly attributes the rise to fresh positions being built by participants, citing analyst views. The reports present the increase as a market-led reaction in futures trade rather than a policy or external-shock driven change, emphasizing demand from the physical market and incremental buying through the futures segment. With the price quoted at ₹1,47,710 per 10 grams, the coverage indicates a broad uptick during the trading session, supported by activity from traders and participants who enter or add to long positions. Overall, both outlets align on the direction of movement and the immediate factors cited for the rise: spot demand and fresh buying/position creation in futures markets.
Gold futures rise to ₹1,47,710 per 10 grams on spot demand
Gold futures trade higher as spot demand and fresh buying by market participants lift prices. Two reports covering the same move say that gold for futures increases to ₹1,47,710 per 10 grams. Deccan C...
- Gold futures rise to ₹1,47,710 per 10 grams.
- Prices increase on strong spot demand.
- Fresh buying by traders and participants supports the move.
- Analysts link the increase to new or added futures positions.
Fresh positions built up by participants led to a rise in precious metal prices, according to analysts
2 hours agoStrong spot demand and fresh buying by traders push gold prices higher in futures trade.
2 hours ago
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