Gold, silver futures recover on global cues

PTI New Delhi | Updated on March 12, 2018 Published on May 29, 2013

Gold prices recovered by Rs 60, or 0.23 per cent, to Rs 26,471 per 10 gm in futures trade as speculators created fresh positions taking positive cues from the global market.

Similarly, silver prices recovered by Rs 167 to Rs 43,429 a kg in futures trade today.

At the Multi Commodity Exchange, gold for delivery in June contracts was up Rs 60, or 0.23 per cent, to Rs 26,471 per 10 gm in business turnover of 1,292 lots.

The metal for delivery in far-month August contracts moved up by Rs 58, or 0.22 per cent, to Rs 26,702 per 10 gm in a turnover of 373 lots.

Silver for delivery in July traded Rs 167, or 0.39 per cent, higher at Rs 43,429 per kg in business turnover of 1,274 lots. Likewise, the white metal for delivery in the September contract traded higher by Rs 144, or 0.33 per cent, to Rs 44,062 per kg in 25 lots.

Analysts said a firming trend in global market as lower prices lure buyers, mainly influenced gold and silver prices at futures trade here.

Meanwhile, gold rose by 0.70 per cent to $1,390.30 an ounce in Singapore while silver was up 0.25 per cent to $22.33.

Published on May 29, 2013
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