Gold Futures Rise Rs 1,432 on Firm Spot Demand

Gold prices went up on Friday.

An October contract for gold became Rs 1,432 more expensive.

It reached Rs 1,60,857 for 10 grams.

This trading happened on the Multi Commodity Exchange.

The exchange recorded trades totaling 2,542 lots.

Analysts said traders created fresh positions, meaning they made new market bets.

Strong demand for gold in the spot market also supported prices.

Gold futures in New York rose 0.98% to USD 4,561.01 per ounce.