Gold futures rise to Rs 25,920 on short-covering

PTI Updated - January 19, 2018 at 03:33 PM.

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Gold futures were up by Rs 50 to Rs 25,920 per 10 gram as speculators covered-up positions even as the metal eased in the global market.

At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 50 or 0.19 per cent at Rs 25,920 per 10 gram in a business turnover of 546 lots.

Similarly, the metal for delivery in far-month April rose Rs 22 or 0.08 per cent to Rs 26,004 per 10 gram in a turnover of four lots.

Analysts attributed the rise in gold prices to covering-up of positions by speculators but weakness in the precious metal overseas, capped the gains.

Meanwhile, gold was trading at $1,096.16 an ounce in Singapore.

Published on January 12, 2016 06:32