Gold futures rise to Rs 1.53 lakh/10 gm on firm spot demand

NEW DELHI: (Sep 10) Gold prices on Thursday rose by Rs 231 to Rs 1.53 lakh per 10 grams in futures trade as speculators created fresh positions on firm spot demand.

On the Multi Commodity Exchange, the yellow metal contract for the October delivery traded higher by Rs 231, or 0.15 per cent, at Rs 1,53,994 per 10 grams in a business turnover of 867 lots.

Fresh positions by market participants led to a rise in the precious metal’s prices, analysts said.