New Delhi: Due to strong spot demand, speculators bought fresh deals, due to which the price of gold rose by Rs 209 to Rs 72,877 per 10 grams in futures trade on Thursday.
On the Multi Commodity Exchange, gold contracts for August delivery rose by Rs 209, or 0.29 per cent, to Rs 72,877 per 10 gram with a turnover of 12,343 lots.
Analysts said the rise in gold prices was driven by fresh positions being created by participants.
Globally, gold futures rose 0.24 per cent to US$2,385.40 an ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery rose by Rs 209, or 0.29 per cent, to Rs 72,877 per 10 gram with a turnover of 12,343 lots.
Analysts said the rise in gold prices was driven by fresh positions being created by participants.
Globally, gold futures rose 0.24 per cent to US$2,385.40 an ounce in New York.
