Gold prices shoot to nearly Rs 49,000 per 10 gm


New Delhi, July 1

Gold prices on Wednesday rose by Rs 153 to Rs 48,915 per 10 gram in futures trade as speculators created fresh positions on firm spot demand.

On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 153, or 0.31 per cent, at Rs 48,915 per 10 gram in a business turnover of 13,883 lots.

Fresh positions built up by participants mainly led to the rise in gold prices, analysts said.

Globally, gold prices traded 0.32 per cent higher at USD 1,806.30 per ounce in New York. PTI





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