Comments
Gold prices rose marginally by 0.08 per cent to Rs 21,905 per 10 grams at the futures trade today as speculators enlarged their positions in tandem with a firming trend in the Asian trade.
Trading sentiment turned better as gold strengthened in the Asian trade after recent losses.
At the Multi Commodity Exchange, gold for June delivery rose Rs 21 or 0.08 per cent to Rs 21,905 per 10 grams with a business volume of 3,031 lots. Likewise, August contract moved up by Rs 14 or 0.07 per cent to Rs 22,141 per 10 grams with an open interest of 87 lots.
Market analysts said apart from a firming trend in the Asian region, increased buying by speculators mainly pushed up gold futures prices.
Meanwhile, the yellow metal gained $2.90 to $1,496.70 per ounce in the Asian region.
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.