Gold Futures Rise Over 1 Percent To Rs 1.51 Lakh Per 10g

Gold futures in India witnessed a sharp rise, driven by global cues and heightened investor interest. The precious metal’s upward momentum underscores its role as a hedge against inflation and geopolitical risks.  

Market Movement  

On the Multi Commodity Exchange (MCX), gold futures for June delivery rose by more than 1 percent, touching Rs 1.51 lakh per 10 grams. Analysts attribute the surge to firm international prices and a weaker dollar.  

Global Factors  

International gold prices have been supported by rising crude oil costs and concerns over global growth. Investors are increasingly turning to bullion as central banks signal caution on monetary policy.  

Investor Sentiment  

Retail and institutional investors view gold as a safe-haven asset, particularly during periods of market volatility. The rise in futures trade highlights continued confidence in bullion as a long-term store of value.  

Key Highlights  

• Gold futures climb over 1 percent on MCX  
• Prices reach Rs 1.51 lakh per 10 grams  
• Global cues and weaker dollar drive rally  
• Safe-haven demand boosts investor interest  
• Bullion remains hedge against inflation and volatility  

Sources: Economic Times, Mint, Business Standard, Reuters