5
Gold futures saw a significant rise on Monday, climbing by Rs347 to reach Rs85,034 per 10 grams. The price increase was driven by strong demand in the spot market, prompting speculative trading activity.
Futures Market Performance
Gold contracts for April delivery on the Multi Commodity Exchange rose by Rs347, or 0.41%, reaching Rs85,034 per 10 grams.
Advertisements
The total business turnover for the day was 15,555 lots.
Advertisements
Factors Driving the Price Surge
Analysts attributed the price increase to the building of fresh positions by market participants, which was fueled by a firm demand for gold in the spot market.
Related topics:
