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Gold Futures Soar to Rs 1.50 Lakh/10 gm on Strong Spot Demand
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News18•30-09-2026, 13:45
Gold Futures Soar to Rs 1.50 Lakh/10 gm on Strong Spot Demand
- •Domestic gold futures rose by Rs 1,288 to Rs 1,50,111 per 10 grams in futures trade.
- •The increase was driven by speculators creating fresh positions due to firm spot demand.
- •On the Multi Commodity Exchange, the December delivery contract traded 0.87 per cent higher.
- •Analysts attributed the rise in precious metal prices to fresh positions by market participants.
- •In New York, gold futures saw a slight decline of 0.10 per cent to USD 4,178.02 per ounce.
Key Questions Answered
Domestic gold futures increased due to speculators and market participants building fresh positions driven by firm spot demand.
The December delivery gold contract on the Multi Commodity Exchange rose by Rs 1,288, or 0.87 per cent, reaching Rs 1,50,111 per 10 grams.
In New York, gold futures declined by 0.10 per cent to reach USD 4,178.02 per ounce.
