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Gold prices hold place for the week on spot demand, end Rs 51,535 per 10 gram in futures trade

Gold prices began up in futures trade at the begin of the week and continued to hold the spot, dropping solely as soon as on (*10*), as they tracked world charges. Through the six months of coronavirus pandemic-led turmoil in monetary markets, gold prices have been considered one of the most constant gainers.

On Monday, gold prices rose Rs 151 to Rs 51,470 per 10 gram in futures trade as speculators created recent positions on agency spot demand. On the Multi Commodity Exchange (MCX), gold contracts for October supply traded greater by Rs 151, or 0.29 per cent, at Rs 51,470 per 10 gram in a enterprise turnover of 11,745 heaps.

Analysts mentioned recent positions constructed up by individuals led to the rise in gold prices.

On Tuesday, as speculators created recent positions on agency spot demand gold prices rose Rs 323 to Rs 52,010 per 10 gram in futures trade. Gold contracts for October supply on MCX traded greater by Rs 323, or 0.62 per cent, at Rs 52,010 per 10 gram in a enterprise turnover of 11,397 heaps.

Fresh positions constructed up by individuals led to the rise in gold prices, in keeping with analysts.

The yellow steel held on Wednesday in addition to prices rose by Rs 153 to Rs 51,922 per 10 gram in the futures trade as speculators created recent positions on agency spot demand. On MCX, gold contracts for the October supply traded greater by Rs 153, or 0.3 per cent, at Rs 51,922 per 10 gram in a enterprise turnover of 10,814 heaps.

Gold futures on (*10*) fell 0.78 per cent to Rs 51,420 per 10 gram as individuals offloaded their holdings on low spot demand. On MCX, gold prices for the October supply declined by Rs 404, or 0.78 per cent, to Rs 51,420 per 10 gram in a enterprise turnover of 10,142 heaps.

The yellow steel for the December supply eased by Rs 393, or 0.76 per cent, to Rs 51,595 per 10 gram in 8,192 heaps.

Gold prices rose Rs 82 to Rs 51,535 per 10 gram in futures trade on Friday as speculators created recent positions on agency spot demand. Gold contracts for October supply on MCX traded greater by Rs 82, or 0.16 per cent, at Rs 51,535 per 10 gram in a enterprise turnover of 9,286 heaps.

Fresh positions constructed up by individuals led to the rise in gold prices, analysts mentioned.

(With PTI inputs)

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