Gold prices registered an increase in futures trade on Friday, rising by ₹1,432 to ₹1.60 lakh per 10 grams. The upward movement was largely supported by speculators creating fresh positions in response to firm spot demand in the market.
On the Multi Commodity Exchange (MCX), the yellow metal contract designated for October delivery traded higher by ₹1,432, marking a 0.9 percent increase to settle at ₹1,60,857 per 10 grams. Market activity during the session recorded a business turnover of 2,542 lots.
According to market analysts, the rise in the precious metal's prices was primarily a result of new positions being initiated by participants tracking the prevailing spot market conditions.
The domestic price movement also aligned with international trends. In New York, gold futures rose by 0.98 percent, reaching $4,561.01 per ounce.
"The recent movement in gold futures reflects active participation and steady spot demand in the commodities market. When domestic pricing tracks international trends alongside local volume turnover, it highlights the sensitivity of precious metals to global economic indicators. Investors and businesses closely tracking commodity exposures should monitor these MCX trends and volume shifts carefully to navigate market volatility effectively." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
