Comments
Gold rose Rs 186 to Rs 27,165 per 10 grams at the futures trade today as speculators widened positions, tracking a firm trend overseas.
On the Multi Commodity Exchange, gold for delivery in December spurted Rs 186 or 0.69 per cent to Rs 27,165 per 10 grams in a business turnover of 836 lots.
Similarly, the metal for delivery in far-month February was also trading higher by Rs 181 or 0.67 per cent to Rs 27,370 per 10 grams in nine lots.
Market analysts said speculators enlarged their positions on the back of a firm global trend as investors see less chance of higher US borrowing costs this year.
Globally, gold climbed as much as 0.5 per cent to $1,174.81 an ounce in Singapore, the highest level since July 6.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.