Gold prices surged by ₹918 to reach ₹93,359 per 10 grams in futures trade on May 19, 2025, driven by fresh positions from speculators and strong spot demand. This increase reflects an upward trend in global market activity and investor confidence in the precious metal.
On the Multi Commodity Exchange (MCX), June delivery gold contracts saw a rise of ₹918, or 0.99%, reaching ₹93,260 per 10 grams with a turnover of 10,743 lots. This price movement reflects an overall positive sentiment in the market, as investors continue to view gold as a safe haven asset amid economic uncertainties.
Globally, the price of gold also saw an uptick, with futures trading 0.80% higher at $3,229.30 per ounce in New York. This international rise in gold prices has contributed to the momentum in Indian markets, reflecting a correlation between domestic and global gold trends.
The growth in gold futures comes amid growing investor interest, highlighting the continued appeal of gold as a store of value in times of economic volatility.