Gold prices rose 0.18 per cent to Rs 28,195 per 10 grams at the futures trade as speculators created fresh positions taking positive cues from the global market.
On the Multi Commodity Exchange, gold for delivery in June was up by Rs 51 or 0.18 per cent at Rs 28,195 per 10 gram in a business turnover of 313 lots.
Similarly, the metal for delivery in far-month August moved up by Rs 27 or 0.1 per cent to Rs 27,505 per 10 gram in a turnover of 22 lots.
Analysts said fresh positions created by participants following a better trend in the global market, influenced gold prices at the futures trade here.
Meanwhile, the yellow metal rose to $1,293.75 an ounce in Singapore from $1,292.97 yesterday.
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.