Gold prices extended gains for the fourth straight session by adding 0.35 per cent on the Multi Commodity Exchange (MCX) today on sustained buying by speculators influenced by a better global trend.
Gold for the most-active August-month contract gained 0.35 per cent to Rs 14,646 per ten grams on the MCX counters at 1220 hours, with an open interest of 14,670 lots.
Similarly, the metal for delivery in the October contract gained 0.34 per cent to Rs 14,650 per ten grams, with an open interest in 942 lots.
The continued rise in gold prices mostly attributed on the back of firming global trend, traders said.
Gold prices surged to $965.90 an ounce in the US market last night.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app