Gold Prices Rise to Rs 75,718/10g: Market Insights and Trends
Gold Futures Performance
On October 1, in New Delhi, gold prices rose Rs 107 to reach Rs 75,718 per 10 grams in futures trade. This increase is reflective of i>fresh positions created by speculators in response to b>strong spot demand. On the Multi Commodity Exchange, gold contracts for December delivery saw trading higher by Rs 107 or 0.14 percent at Rs 75,718 per 10 grams amid a business turnover of 423 lots.
Market Factors Influencing Gold Prices
- Fresh positions by participants are a significant contributor to the rise.
- Global trends indicate that gold futures fell 0.34 percent to USD 2,643 per ounce in New York.
In summary, the *gold market* is witnessing increased activity as speculators respond to *firm demand*, thereby influencing the *gold price* upward.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.