Comments
Gold prices edged higher by 0.20 per cent to Rs 29,480 per 10 grams at the futures trade as speculators built up fresh positions owing to a firm global trend.
At the Multi Commodity Exchange, gold for delivery in August rose Rs 58 or 0.20 per cent to Rs 29,480 per 10 grams in a business turnover of 7 lots. Similarly, the yellow metal for delivery in October was trading higher by Rs 20, or 0.07 per cent, at Rs 29,698 per ten grams in 205 lots.
Market analysts said fresh positions created by traders in sync with a firm global trend where gold inched higher, recovering from its fall in the previous session, influenced gold prices at the futures trade. Globally, gold rose 0.21 per cent to $1,218 an ounce in Singapore.
Silver prices inched up by 0.05 per cent to Rs 38,814 per kg at the futures trade as speculators created fresh positions amid positive global cues.
At the Multi Commodity Exchange, silver for delivery in December edged up by Rs 18, or 0.05 per cent, to Rs 38,814 per kg in a business turnover of 68 lots. Likewise, the white metal for September was up by 16, or 0.04 per cent, at Rs 37,972 per kg in 2,799 lots.
Market analysts said fresh positions created by traders in tandem with a firm global trend influenced silver prices at the futures trade. Meanwhile, silver rose 0.33 per cent to $15.40 an ounce in Singapore.
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.