As Russia attacks Ukraine, gold price surges to highest in a year
Highlights
- Gold prices on Thursday rose Rs 51,811 per 10 gram in the futures trade.
- Gold contracts for April delivery traded higher by Rs 1,432.00 or 2.84%, at Rs 51,811 per 10 gms.
- Fresh positions built up by participants led to the rise in gold prices, analysts said.
As Gold prices on Thursday rose Rs 51,811 per 10 gram in the futures trade, as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for the April delivery traded higher by Rs 1,432.00 or 2.84 per cent, at Rs 51,811 per 10 grams in a business turnover of 11,933 lots.
Fresh positions built up by participants led to the rise in gold prices, analysts said.
Also Read | Sensex, Nifty fall 3% each as Russia invades Ukraine
