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

TOI Business Desk / TIMESOFINDIA.COM / Updated: May 28, 2025, 15:53 IST

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Gold prices in India saw an increase in futures trading. This was driven by high demand in the spot market. On the other hand, Indian stock market indices experienced a decline. The BSE Sensex and Nifty50 both closed in negative territory. Earlier in the day, the markets had briefly shown positive movement before reversing course.

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

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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TOI Business Desk

The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.

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