New Delhi, Feb 3 (PTI) – Gold prices saw an upward movement on Monday, climbing by ₹148 to reach ₹82,452 per 10 grams in futures trading. The rise was attributed to increased speculative activity and a firm demand in the spot market.
On the Multi Commodity Exchange (MCX), gold contracts for February delivery were trading 0.18% higher at ₹82,452 per 10 grams, with a business turnover of 16,568 lots. Analysts noted that fresh positions taken by market participants contributed to the price increase.
Despite the surge in domestic futures, gold prices experienced a decline on the global front. In New York, gold futures slipped 0.43% to $2,786.31 per ounce.
The fluctuations in gold prices continue to be influenced by market sentiment, international trends, and investor positioning.
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