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Price hike in Gold has been seen as it goes up to Rs 49,359 per 10 gram

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Gold,Price,Price Hike
Gold, Price,Price Hike | Image: Representative

Gold prices on Tuesday increased by Rs 209 to Rs 49,359 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for October delivery traded higher by Rs 209 or 0.43 per cent at Rs 49,359 per 10 gram in a business turnover of 4,178 lots.

Fresh positions built up by participants led to the rise in gold prices, analysts said. Globally, gold was trading 0.76 per cent lower at USD 1,645.80 per ounce in New York.

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