AgenciesNew Delhi, Gold prices on Monday increased by Rs 399 to Rs 50,506 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 399 or 0.8 per cent at Rs 50,506 per 10 gram in a business turnover of 6,305 lots.
Fresh positions built up by participants led to the rise in gold prices, analysts said.
Globally, gold was trading 0.82 per cent higher at USD 1,717.50 per ounce in New York.
Fresh positions built up by participants led to the rise in gold prices, analysts said.
Globally, gold was trading 0.82 per cent higher at USD 1,717.50 per ounce in New York.
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