New Delhi: Due to strong spot demand, speculators made fresh deals due to which the price of gold rose by Rs 24 to Rs 72,240 per 10 grams in futures trade on Friday.
On the Multi Commodity Exchange, gold contracts for August delivery rose Rs 24, or 0.03 per cent, to Rs 72,240 per 10 gram on a business turnover of 17,059 lots.
The analyst said gold prices rose due to fresh positions being created by participants.
Globally, gold futures rose 0.07 per cent to US$2,364.90 an ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery rose Rs 24, or 0.03 per cent, to Rs 72,240 per 10 gram on a business turnover of 17,059 lots.
The analyst said gold prices rose due to fresh positions being created by participants.
Globally, gold futures rose 0.07 per cent to US$2,364.90 an ounce in New York.
