Comments
Gold futures on MCX traded higher by 0.10 per cent at Rs 28,953 per 10 grams at 1.44 p.m. on Tuesday.
The August contract opened higher at Rs 28,985 against the previous close of Rs 28,923. It made a high of Rs 29,175 and low of Rs 28,720.
In Comex, the yellow metal for December delivery was up by $1.5 at $1,336 a troy ounce at 1.44 pm.
Covering up of short positions by speculators and increased demand at spot markets ahead of festive season also influenced gold futures prices here, traders said.
Analysts attributed gains in the precious metal at futures trade to a firm trend in the overseas markets where it climbed to this month’s highest level and rising demand at domestic spot markets.
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.