Gold futures advanced on Tuesday, with the October delivery contract on the Multi Commodity Exchange (MCX) rising by ₹1,501 to ₹1.54 lakh per 10 grams, according to a PTI report published in The Hindu BusinessLine. The contract was quoted at ₹1,54,600 per 10 grams, up 0.98 per cent, in a business turnover of 1,332 lots. The move was driven by fresh positions built up by participants amid firm spot demand, analysts said. The session took place on August 11, 2026, a Tuesday, according to the publication date of the report.
Key Data at a Glance
The following data points summarise the day's trading in gold futures, as reported by PTI:
- MCX Gold, October delivery: ₹1,54,600 per 10 grams
- Change: +₹1,501 per 10 grams (+0.98 per cent)
- Business turnover: 1,332 lots
- Global gold futures (New York): $4,406.15 per ounce, up 0.35 per cent
October Delivery Contract on MCX
On August 11, 2026, the MCX gold contract for October delivery settled higher by ₹1,501 per 10 grams, closing at ₹1,54,600. The business turnover for the session stood at 1,332 lots, according to the report. The percentage gain of 0.98 per cent was in line with the quantum of fresh buying, as reported.
| Contract | Price (₹/10 gm) | Change (₹) | Change (%) | Turnover (lots) |
|---|---|---|---|---|
| MCX Gold October delivery | 1,54,600 | +1,501 | +0.98 | 1,332 |
Fresh Positions and Firm Spot Demand
The rally was attributed to speculators creating fresh positions in the futures market. Analysts quoted in the PTI report said that fresh positions built up by participants led to the rise in precious metal prices. On the spot side, demand remained firm, providing support to futures prices. This combination of speculative buying and physical offtake pushed the October contract higher on the day.
Global Gold Futures Move Higher in New York
In the international market, gold futures in New York increased by 0.35 per cent to $4,406.15 per ounce, the PTI report said. The global price move came alongside the strength in domestic futures, with the rupee-denominated contract tracking the international trend. While the domestic market posted a larger percentage gain, the global benchmark also advanced, reflecting broad-based buying sentiment in the yellow metal.
Positioning and Market Takeaways
For commodity traders and market participants, the session highlighted the role of participant positioning in driving short-term price moves. The build-up of fresh long positions on the MCX indicated that market participants expected further upward momentum, supported by firm spot demand. The business turnover of 1,332 lots in the October contract points to active engagement in the near-month delivery.
The latest trading session on August 11, 2026, leaves the MCX October gold contract at ₹1,54,600 per 10 grams, with an intraday gain of ₹1,501. With global gold at $4,406.15 per ounce in New York, the cross-market relationship between domestic and international prices remains a focus for traders tracking arbitrage opportunities and demand trends.
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