Supported by a firming global trend, gold futures prices traded higher by 39 to Rs 28,743 per 10 grams today, as speculators created fresh positions.
At the Multi Commodity Exchange, gold for delivery in June rose Rs 39 or 0.14 per cent to Rs 28,743 per 10 grams with a business turnover of 179 lots. Similarly, April contract moved up by Rs 33 or 0.12 per cent to Rs 28,406 per ten grams in 5,340 lots.
Market analysts said fresh buying by speculators in tandem with a firming global trend mainly led to the rise in gold futures prices.
Meanwhile, the yellow metal rose $5.40 to $1,750.30 an ounce in Singapore.
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.