Gold climbs Rs 115, silver futures climb Rs 107 on positive global cues

By: | Published: August 10, 2017 12:22 PM

Gold prices were trading up by Rs 115 to Rs 28,959 per 10 grams in futures trade today as speculators indulged in raising bets amid a firm global trend.

Gold, Silver, Gold price, Silver price, Gold price jumps, Silver price jumps, Market news, Recent news, Indian market, Indian market news, Gold-silver priceMeanwhile, silver surged 2.95 per cent to USD 16.92 an ounce in New York yesterday. (Reuters)

Gold prices were trading up by Rs 115 to Rs 28,959 per 10 grams in futures trade today as speculators indulged in raising bets amid a firm global trend.  At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 115, or 0.40 per cent, to Rs 28,959 per 10 grams in a business turnover of 11 lots. The yellow metal for delivery in October gained Rs 75, or 0.26 per cent, to Rs 28,919 per 10 gm in 401 lots. Market analysts attributed the rise in gold prices at futures trade to positive global cues. Meanwhile, gold climbed 1.29 per cent higher at USD 1,276.90 an ounce in New York yesterday.

Silver prices soared Rs 107 to Rs 38,697 per kg in futures trade today as speculators widened positions, tracking a firming trend in the precious metals overseas. At the Multi Commodity Exchange, silver for delivery in September surged by Rs 107, or 0.28 per cent, to Rs 38,697 per kg in a business turnover of 675 lots. The white metal for delivery in December was trading higher by Rs 100, or 0.26 per cent, to Rs 39,220 per kg in 20 lots.

Market analysts said, speculative positions built up by participants driven by firm global trend due to prevailing tensions between the US and North Korea raising demand for the precious metals as a safe-haven, influenced the white metal prices here.Meanwhile, silver surged 2.95 per cent to USD 16.92 an ounce in New York yesterday.

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