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Gold prices rose 0.54 per cent to Rs 26,100 per 10 gm in futures trade today as speculators created fresh positions, taking positive cues from global markets.
Silver too rose by Rs 124 to reach Rs 35,553 per kg in futures trading today.
MCX gold, silver
At the Multi Commodity Exchange, gold for delivery in December was up by Rs 40 or 0.54 per cent to Rs 26,100 per 10 gm in a business turnover of eight lots.
The metal for delivery in October moved up by Rs 137 or 0.53 per cent to Rs 25,960 per 10 gm in a turnover of 557 lots.
Silver for delivery in September traded higher by Rs 124, or 0.35 per cent, at Rs 36,553 per kg in a business turnover of 768 lots. The white metal for delivery in far-month December traded higher by Rs 113, or 0.31 per cent, to Rs 36,310 per kg in 41 lots.
Market analysts said rise in the precious metal in global markets after China increased its bullion reserves and billionaire Stan Druckenmiller bought the metal.
Globally, gold climbed as much as 0.1 per cent to $1,116.32 an ounce in Singapore today. Silver added 0.2 per cent at USD 15.27 an ounce.
Meanwhile, the yellow metal climbed 1.9 per cent last week after China’s surprise yuan devaluation on August 11 boosted haven demand. That was the biggest weekly increase since May.
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