Comments
Gold prices rose Rs 90 to Rs 28,277 per ten grams at the futures trade today as participants engaged in enlarging positions largely in tune with a firm trend overseas.
On the Multi Commodity Exchange, the metal for delivery in far-month April gained Rs 90 or 0.28 per cent to trade at Rs 28,277 per 10 grams in a turnover of 110 lots.
Similarly, the metal for delivery in February moved up by Rs 80 or 0.28 per cent to Rs 28,165 per 10 grams, clocking a business volume of 2,072 lots.
Analysts said the rise in global markets, where the yellow metal surged to a five-month high, ahead of a meeting of European Central Bank policy makers, supported the rise in gold prices at the futures trade here.
Besides, increased buying by jewellers at the domestic bullion markets to meet the wedding season demand also influenced the precious metal prices, they said.
In the national capital, gold prices rose Rs 100 to Rs 28,180 per ten gram in yesterday’s trade.
Globally, gold climbed 0.2 per cent to USD 1,297.85 an ounce in Singapore today, the highest level since August 20.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.