Gold Futures Climb 0.83% in Domestic Trade
Gold prices surged in futures trading on Wednesday, February 25, with contracts rising by Rs 1,322 to reach Rs 1,61,291 per 10 grams. The upward move came as market participants created fresh positions, tracking firm spot demand.On the Multi Commodity Exchange, gold contracts for April delivery advanced by Rs 1,322, marking a gain of 0.83 per cent. The contracts traded at Rs 1,61,291 per 10 grams, with a total business turnover of 1,671 lots during the session.
Fresh Positions Support Rally
Market analysts attributed the rise in gold prices to renewed buying interest. Speculators increased their exposure by building fresh positions, reflecting confidence in prevailing demand conditions in the spot market.The momentum in domestic futures suggests sustained participation from traders responding to underlying demand trends.
Global Gold Futures Also Advance
In the international market, gold futures mirrored the positive trend. In New York, gold futures rose 0.98 per cent to trade at USD 5,194.01 per ounce.The gains in global markets provided additional support to domestic prices, reinforcing the bullish sentiment seen in futures trading.
Gold prices continue to remain in focus for investors tracking both domestic and international cues, with fresh positioning and global movements shaping near-term trends.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.