Gold October Futures price rises

9 Sep 2022 , 08:45 AM

On Thursday, gold prices rose by Rs40 to Rs50,546 per 10 grams in futures trade as investors opened new positions in response to strong spot demand.

In a 10,815-lot trading session on the Multi Commodity Exchange, gold futures for October delivery rose by Rs40, or 0.08 %, to Rs 50,546 per 10 grams.

Experts claim that the rise in gold prices was brought about by participants’ increased holdings. In New York, the price of gold was up 0.13% globally to USD 1,730 per ounce.

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