Comments
Gold futures prices today rose 0.53 per cent to Rs 27,725 per 10 grams as speculators enlarged their positions, driven by a firm trend in the Asian region.
On the Multi Commodity Exchange, gold for delivery in August rose Rs 145 or 0.53 per cent to Rs 27,725 per 10 gm in a business turnover of 1,901 lots.
Similarly, the metal for delivery in far-month October moved up by Rs 145 or 0.52 per cent to Rs 27,915 per 10 gm in a turnover of 77 lots.
Market analysts said a firm trend in the global market, as investors bought the precious metal as a haven asset as China’s trade and industrial production in May trailed estimates, mainly influenced gold prices at the futures trade here.
Meanwhile, the yellow metal advanced 0.4 per cent to $1,388.41 an ounce in Singapore in early trade today.
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.