Gold prices went up by 0.23 per cent to Rs 28,469 per 10 grams at the futures trade today as speculators built up fresh positions, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 64 or 0.23 per cent at Rs 28,469 per ten grams in a business turnover of 372 lots.
Analysts said fresh positions created by participants in line with a firm trend as the dollar held steady on expectations of a US tax overhaul, mainly influenced gold prices at the futures trade. Globally, gold rose 0.17 per cent to $1,263.40 an ounce in Singapore.
Silver prices moved up by 0.19 per cent to Rs 37,464 per kg at the futures trade as speculators built up positions amid firm trend overseas. At the Multi Commodity Exchange, silver for delivery in March rose Rs 72 or 0.19 per cent to Rs 37,464 per kg in a business turnover of 431 lots. Likewise, the white metal for delivery in May was trading higher by Rs 48 or 0.13 per cent at Rs 37,929 per kg in 4 lots.
Analysts said the rise in silver prices at the futures trade was mostly attributed to building up of positions by participants on firm global cues. Globally, silver traded higher by 0.03 per cent at $16.13 an ounce in Singapore.