Gold prices up Rs 87 to Rs 69,982 per 10g on strong spot demand

On the Multi Commodity Exchange, October gold contracts rose by Rs 87, or 0.12%, to Rs 69,982 per 10 grams, with a turnover of 17,282 lots. Analysts noted that the price increase was driven by new positions taken by participants.

New Delhi: Gold prices on Monday rose Rs 87 to Rs 69,982 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for October delivery traded higher Rs 87 or 0.12 per cent at Rs 69,982 per 10 grams in a business turnover of 17,282 lots.

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

Globally, gold futures increased 0.09 per cent to USD 2,475.60 per ounce in New York.