Gold Futures Rise as Speculators Build Positions on Strong Demand

Gold Prices Increase on Fresh Positions in Futures Trade

December 26 (Reuters) — Gold prices rose by Rs 302 on Thursday, reaching Rs 76,572 per 10 grams in futures trading. The increase was driven by speculators establishing new positions amid firm demand in the spot market.

On the Multi Commodity Exchange (MCX), gold contracts for February delivery gained Rs 302, or 0.4%, to settle at Rs 76,572 per 10 grams. The trading volume for these contracts reached 12,508 lots, reflecting active market participation.

This uptick in gold futures comes as investors continue to monitor global economic conditions, with spot demand providing further support to prices.

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