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Gold and silver futures prices today climbed tracking a rising trend in global markets.
Gold futures prices rose by 0.31 per cent to Rs 26,418 per 10 grams as speculators enlarged positions after the metal gained in the global market.
At the Multi Commodity Exchange, metal prices for delivery in far-month June contracts gained Rs 81, or 0.31 per cent, to trade higher at Rs 26,418 per 10 gram in a turnover of 12 lots.
Also, the metal prices for delivery in April edged up by Rs 71, or 0.31 per cent, to Rs 26,224 per 10 gram, clocking a business volume of 561 lots.
Similarly, silver futures prices rose by Rs 184 to Rs 36,383 per kg as speculators built fresh positions amid covering-up of short positions.
At the Multi Commodity Exchange, silver for delivery in March traded higher by Rs 184, or 0.51 per cent, to Rs 36,383 per kg in business turnover of 518 lots.
The white metal for delivery in far-month May traded Rs 179, or 0.49 per cent, higher at Rs 36,735 per kg in a turnover of 31 lots.
In the international market, gold rose to USD 1,203.976 an ounce in Singapore from USD 1,201.83 yesterday while silver traded 0.3 per cent higher at USD 16.38 an ounce, extending Monday’s 0.6 per cent gains.
Market analysts said besides covering up of short positions by speculators, a firming trend in the precious metals in the global market, supported the upside in silver and gold futures.
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