Gold futures edge higher on MCX
Gold futures for December delivery rose by ₹596, or 0.47%, to close at ₹1,26,100 per 10 grams on the Multi Commodity Exchange. The session recorded a business turnover of 4,496 lots, signaling active participation from traders.
Price movement at a glance
- Contract: Gold futures (December delivery)
- Change: +₹596 (+0.47%)
- Closing price: ₹1,26,100 per 10 grams
- Turnover: 4,496 lots
Trading activity and market interest
The turnover of 4,496 lots suggests steady interest in near-term gold contracts. Futures trading often reflects both speculative flows and hedging by physical market participants, and such volumes can offer clues about short-term sentiment.
What typically moves gold prices
While today’s move is a clear uptick, gold is usually driven by a mix of global and domestic factors such as currency swings (especially the rupee versus the dollar), interest rate expectations, inflation trends, geopolitical risk, and demand from jewellers and central banks. Any sharp change in these areas can quickly affect futures prices.
For investors and traders
Short-term futures gains can present trading opportunities, but gold is known for volatility. Consider your risk appetite, time horizon and hedging needs before taking positions, and consult a financial advisor if unsure.