Archive · 8 Aug 2026
Gold futures rise Rs 654 as speculators build fresh positions
Gold is a shiny metal that many people like to buy.
Some people buy and sell gold without holding it, using something called futures.
A future is a promise to buy or sell gold later at a set price.
In India, the price of this gold future went up.
It rose by 654 rupees, to 1,49,147 rupees for ten grams.
This happened on a big trading platform called the Multi Commodity Exchange.
Traders, called speculators, bought more gold futures because many people wanted to buy real gold now.
When lots of people want to buy something, its price goes up.
Gold futures also rose a little in New York, to $4,254.38 per ounce.
So, when people expect gold to be popular, its price goes up.
Gold futures on the Multi Commodity Exchange (MCX) rose by Rs 654, or 0.44%, to Rs 1,49,147 per 10 grams for October delivery.
The price gain was driven by fresh positions built by speculators, supported by firm spot demand, analysts said.
The traded contracts recorded a business turnover of 1,953 lots.
Globally, gold futures rose 0.18% to $4,254.38 per ounce in New York.
Gold prices rose by Rs 654 to Rs 1.49 lakh per 10 grams in futures trade as participants created fresh positions.
- Who
- Speculators and trading participants on the Multi Commodity Exchange who built fresh positions.
- What
- Gold futures prices rose by Rs 654, or 0.44%, to Rs 1,49,147 per 10 grams for October delivery contracts.
- When
- During the latest MCX futures trading session for October delivery contracts; the specific date was not stated in the article.
- Where
- Multi Commodity Exchange in India, with the report filed from New Delhi; global reference price came from New York.
- Why
- Fresh positions built by participants on firm spot demand pushed precious metal prices higher, analysts said.
- Price rise
- Rs 654 (0.44%) per 10 grams
- October delivery price
- Rs 1,49,147 per 10 grams
- Trading turnover
- 1,953 lots
- Global gold futures
- +0.18% to $4,254.38 per ounce in New York
- Exchange
- Multi Commodity Exchange (MCX)
- Reported reason
- Fresh positions by speculators on firm spot demand
- Report origin
- New Delhi