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Gold prices rose Rs 74 to Rs 28,328 per 10 grams at the futures trade as speculators created fresh positions. Analysts said building up of positions by speculators led to a jump in gold prices.
At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 74 or 0.26 per cent at Rs 28,328 per 10 grams in a business turnover of 509 lots. Similarly, the yellow metal for delivery in far-month April traded higher by Rs 71 or 0.25 per cent to Rs 28,330 per 10 grams in 12 lots.
Silver prices rose Rs 128 to Rs 37,333 per kg at the futures trade after speculators built up positions even as the metal weakened overseas.
At the Multi Commodity Exchange, silver for delivery in March rose by Rs 128 or 0.34 per cent to Rs 37,333 per kg in a business turnover of 576 lots. The metal for delivery in May was trading up Rs 104 or 0.28 per cent at Rs 37,788 per kg in 4 lots.
Analysts said the rise in silver prices at the futures trade was mostly attributed to building up of positions by participants.Globally, silver shed 0.09 per cent to $16.04 an ounce in Singapore.
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