Gold & Silver

Gold futures rise to Rs 27,170 per 10 gm

| | Updated on: Sep 15, 2014
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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

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