On Wednesday (06-07-2022), gold prices rose by Rs 83 to Rs 51,385 per 10 grams in futures trade as investors opened new positions in response to strong spot demand. Gold futures for August delivery traded at Rs 51,385 per 10 grams on the Multi Commodity Exchange, up Rs 83, or 0.16 percent, in a transaction of 10,240 lots.
According to experts, players’ new holdings were what caused gold prices to increase. Globally, the price of gold was up 0.22% at USD 1,767.70 per ounce in New York.
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