India, July 18 -- Gold prices rose by Rs 397 to Rs 97,870 per 10 grams in futures trade on Friday, supported by firm demand in the spot market and fresh buying by speculators.
On the Multi Commodity Exchange (MCX), gold contracts for August delivery were up Rs 397 or 0.41% at Rs 97,870 per 10 grams, with a turnover of 10,846 lots.
Analysts attributed the price increase to the buildup of fresh positions by market participants amid strong spot demand.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....