Gold & Silver

Gold futures rise to Rs 27,170 per 10 gm

| | Updated on: Sep 15, 2014
image caption

Gold prices rose 0.33 per cent to Rs 27,170 per 10 grams at the futures trade today as participants engaged in enlarging positions due to a firm trend overseas.

On the Multi Commodity Exchange, the metal for delivery in far-month December gained Rs 90 or 0.33 per cent to trade at Rs 27,170 per 10 grams in a turnover of 153 lots.

Similarly, the metal for delivery in October moved up by Rs 80 or 0.3 per cent to Rs 26,978 per 10 grams, clocking a business volume of 2,710 lots.

Fed policy meet

Analysts said the rise in global markets, where gold rallied from an eight-month low, on speculation that reduced prices may spur purchases before the Federal Reserve begins a two-day policy meeting, supported the rise in precious metal prices at futures trade here.

Globally, gold climbed 0.4 per cent to $1,235.07 an ounce in Singapore today.

Published on March 13, 2018

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like

Recommended for you