Gold futures climbed by Rs 184, reaching Rs 59,645 per 10 grams

In Thursday's futures trade, gold prices rose by Rs 184, reaching Rs 59,645 per 10 grams. The surge was driven by speculators establishing new positions due to strong spot demand.

New Delhi: Gold prices on Thursday increased by Rs 184 to Rs 59,645 per 10 grams in futures trade as speculators created fresh positions on firm spot demand.

On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 184 or 0.31 per cent at Rs 59,645 per 10 grams in a business turnover of 3,702 lots.

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Fresh positions built up by participants led to the rise in gold prices, analysts said.

Globally, gold was trading 0.44 per cent higher at USD 2,018.30 per ounce in New York.