Comments
Gold prices rose Rs 29 to Rs 27,965 per 10 grams at the futures trade today, as speculators enlarged their positions on hopes of a rise in demand during the marriage season amid firming global trend.
At the Multi Commodity Exchange, gold for delivery in April rose Rs 29 or 0.1 per cent to Rs 27,965 per 10 grams with a business turnover of 7,671 lots. Likewise, the metal for delivery in June gained Rs 22 or 0.08 per cent to Rs 28,299 per 10 grams in 234 lots.
Market analysts said increased buying by speculators on expectations of pick-up in demand during marriage season amid firming global trend mainly led to a rise in gold futures prices.
Meanwhile, the yellow metal rose $8.50 to $1,728.40 an 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.