Gold prices were higher by Rs 51 to Rs 28,253 per 10 gram in futures trade as participants built up fresh positions, taking positive cues from global markets. At the Multi Commodity Exchange, gold for delivery in far-month August rose by Rs 51, or 0.18 per cent, to Rs 28,253 per 10 gram, in a business turnover of two lots. Likewise, the yellow metal for delivery in June moved up by Rs 44, or 0.16 per cent, to Rs 28,135 per 10 gram in 394 lots.
Analysts said fresh positions built up by traders in step with a firm trend overseas influenced gold prices at futures trade. Globally, gold rose 0.07 per cent to USD 1,226.80 an ounce in Singapore today.
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Silver prices were up by Rs 105 at Rs 38,116 per kg in futures trading today as speculators indulged in creating fresh positions amid a firming trend overseas. At the Multi Commodity Exchange, silver for delivery in July was trading higher by Rs 105, or 0.28 per cent, at Rs 38,116 per kg, in a business turnover of 343 lots.
Likewise, the white metal for delivery in far-month September was trading higher by Rs 71, or 0.18 per cent, to Rs 38,562 per kg in one lot. Market analysts said speculative positions built up by participants at prevailing levels, mainly influenced silver futures. Meanwhile, silver was up 0.28 per cent at USD 16.25 an ounce in Singapore today.