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Gold and silver prices rose in futures trade today as speculators enlarged positions taking positive cues from overseas markets.
Gold prices rose by Rs 95 to Rs 27,875 per 10 grams while silver went up by Rs 207 to Rs 42,140 per kg.
At the Multi Commodity Exchange, gold for delivery in October moved up by Rs 95, or 0.34 per cent, to Rs 278,875 per 10 grams, with a business turnover of 150 lots. The metal for delivery in far-month December contracts was up by Rs 76, or 0.27 per cent, to Rs 28,002 per 10 grams, with a trade volume of three lots.
Silver for delivery in September shot up by Rs 207, or 0.49 per cent, to Rs 42,140 per kg in a business turnover of 410 lots. The white metal for delivery in December rose by Rs 191, or 0.45 per cent, to Rs 42,853 per kg in 88 lots.
Market analysts attributed the rise in prices at futures trade to a firming trend in the global markets as tension in Ukraine escalated, boosting demand for a safe haven.
Globally, gold in Singapore traded 0.30 per cent higher at USD 1,286.30 an ounce while silver advanced 0.30 per cent to USD 19.52 an ounce.
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