MCX gold index rises to ₹95,239/10 gm with futures at ₹97,189/kg on June 2

The MCX gold index showed a notable rise on June 2, reaching ₹95,239 per 10 grams by 9 a.m., according to the official MCX website.
Futures contracts for gold were trading higher at ₹97,189 per kilogram, indicating bullish sentiment in the market.

Regional gold prices across major Indian cities reflected slight variations on the same day. Mumbai recorded a price of ₹96,060 per 10 grams, while Delhi's price was slightly lower at ₹95,900 per 10 grams. Chennai and Bengaluru showed prices of ₹96,380 and ₹96,180 per 10 grams, respectively.

These figures suggest a steady demand for gold in the Indian market, with futures prices indicating expectations of further price movements. The rise in the MCX gold index and futures prices could be influenced by global economic factors and domestic demand.

"The MCX gold index was in the green at ₹95,239/10 gm on June 2 at 9 am," the official website reported.

The futures price at ₹97,189/kg underscores investor interest in gold as a hedge amid market uncertainties.

Local price differences across cities may reflect varying supply-demand dynamics and local market conditions.

Overall, the data points to a positive trend in gold prices on June 2, with futures leading the upward movement.

On June 2, the MCX gold index rose to ₹95,239 per 10 grams, with futures trading at ₹97,189 per kilogram. Local gold prices varied across Indian cities, with Mumbai at ₹96,060, Delhi ₹95,900, Chennai ₹96,380, and Bengaluru ₹96,180 per 10 grams.