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Gold Futures rise Rs 304 on strong demand; trade at Rs 95,447 per 10 grams

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NEW DELHI: Gold prices rose by Rs 304 to Rs 95,447 per 10 grams in futures trade on Wednesday, as traders built fresh positions amid strong spot demand.Gold contracts for June delivery on the Multi Commodity Exchange (MCX), gained 0.32% to trade at Rs 95,447 per 10 grams, with a turnover of 5,642 lots.Analysts attributed the price rise to renewed buying interest among market participants. Meanwhile, in global markets, gold futures in New York edged slightly lower to $3,300.64 per ounce Indian equity benchmark indices closed on a negative note, with the BSE Sensex declining by 239 points whilst the Nifty50 finished marginally below the 24,750 level. Nifty and Sensex, opened in red earlier on the day but the market quickly moved to the green territory. While Nifty50 was above 24,850, BSE Sensex was marginally up. At 9.21 am Nifty50 was trading at 24,857.80, up 32 points or 0.13%. BSE Sensex was at 81,596.74, up 45 points or 0.055%.

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