New Delhi, March 3: Gold prices saw a notable increase of Rs 478 per 10 grams in futures trading on Monday, reaching Rs 84,697, driven by fresh positions taken by speculators amid firm spot demand.
On the Multi Commodity Exchange (MCX), gold contracts for April delivery gained Rs 478, or 0.57%, with a turnover of 13,686 lots. Analysts attributed the rise in gold prices to the fresh positions built by market participants.
Meanwhile, on the global front, gold futures saw a modest uptick of 0.20%, trading at USD 2,863.46 per ounce in New York.
The combination of strong local demand and investor activity continues to bolster gold prices, signaling ongoing market interest.
