Archive · 28 May 2025
Gold Futures Rise on Strong Demand in India
Gold prices in India went up a little bit.
This means people are buying more gold.
Experts think this is happening because people want to buy.
While the Indian gold market is doing well, the global gold market in New York had a small decrease.
The stock market in India did not do so well overall.
Gold futures rose by Rs 304 to Rs 95,447 per 10 grams on Wednesday.
The increase was attributed to renewed buying interest among market participants.
Gold contracts for June delivery on the MCX gained 0.32%.
Global gold futures in New York edged slightly lower to $3,300.64 per ounce.
Indian equity benchmark indices closed on a negative note.
- Who
- Traders and market participants
- What
- Gold prices rose by Rs 304 to Rs 95,447 per 10 grams in futures trade.
- When
- Wednesday
- Where
- India and New York
- Why
- Traders built fresh positions amid strong spot demand.
- Price Increase
- Rs 304
- Price per 10 grams
- Rs 95,447
- MCX June Delivery
- 0.32%
- New York Gold Futures
- $3,300.64 per ounce
- BSE Sensex
- Declined by 239 points
