Gold futures up on spot demand

Gold prices on Tuesday rose by Rs 154 to Rs 45,503 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 154, or 0.34 per cent, at Rs 45,503 per 10 gram in a business turnover of 12,346 lots.

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

Capital Limited (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.

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