Gold Futures Rise on Firm Spot Demand

Gold prices climbed in the futures market on Thursday, gaining ₹234 to reach ₹90,962 per 10 grams, as speculators created fresh positions amid strong demand in the spot market.

On the Multi Commodity Exchange (MCX), gold contracts for June delivery rose by 0.26% in a business turnover of 19,530 lots. Analysts attributed the price increase to fresh buying activity by participants, driven by steady demand for the precious metal.

The rise in gold prices aligns with global trends, where investors closely monitor economic indicators and geopolitical developments influencing the bullion market. The yellow metal has remained a preferred asset amid inflationary concerns and market volatility.

Experts suggest that gold prices could continue to see upward momentum in the coming sessions, depending on international market cues and domestic demand trends.