1. Gold rises Rs 114 on global cues; Silver moves up by Rs 165 in futures trade

Gold rises Rs 114 on global cues; Silver moves up by Rs 165 in futures trade

Gold prices rose by 0.41 per cent to Rs 28,085 per 10 gram in futures trade as participants created fresh positions, tracking a firm trend overseas. Silver prices were up by Rs 165 at Rs 38,404 per kg in futures trading today as speculators indulged in creating fresh positions, taking positive cues from global markets.

By: | Updated: May 10, 2017 1:30 PM
At the Multi Commodity Exchange, gold for delivery in June rose by Rs 114, or 0.41 per cent, to Rs 28,085 per 10 gram, in a business turnover of 415 lots.

Gold prices rose by 0.41 per cent to Rs 28,085 per 10 gram in futures trade as participants created fresh positions, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in June rose by Rs 114, or 0.41 per cent, to Rs 28,085 per 10 gram, in a business turnover of 415 lots.

Likewise, the yellow metal for delivery in far-month August moved up by Rs 116, or 0.41 per cent, to Rs 28,192 per 10 gram in eight lots. Analysts said fresh positions built up by traders in line with a firm trend overseas influenced gold prices at futures trade.

Globally, gold rose 0.07 per cent to USD 1,221.90 an ounce in Singapore.

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Silver prices were up by Rs 165 at Rs 38,404 per kg in futures trading today as speculators indulged in creating fresh positions, taking positive cues from global markets. At the Multi Commodity Exchange, silver for delivery in September was trading higher by Rs 165, or 0.43 per cent, at Rs 38,404 per kg, in a business turnover of six lots.

Likewise, the white metal for delivery in July rose by Rs 153, or 0.40 per cent, to Rs 37,942 per kg in 715 lots. Market analysts said speculative positions built up by participants at prevailing levels, mainly influenced silver futures.

Meanwhile, silver was up 0.03 per cent at USD 16.16 an ounce in Singapore today.

 

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