Comments
Gold prices rose by Rs 30 to Rs 20,938 per 10 grams in futures trade today as speculators enlarged their positions on the back of a firm global trend.
At the Multi Commodity Exchange, gold for delivery in April rose by Rs 30 or 0.14 per cent to Rs 20,938 per 10 grams, with a business turnover of 18 lots.
Likewise, the metal for delivery in June moved up by Rs 28 or 0.13 per cent to Rs 21,210 per 10 grams, with an open interest of a single lot.
Market analysts attributed the rise in prices to creation of fresh positions by speculators amid a firming trend in New York. Meanwhile, gold rose by $1.70 to $1,428.80 an ounce in New York.
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.