Gold prices rose by Rs 29 to Rs 20,975 per 10 grams in futures trade today as speculators enlarged their positions on the back of a firming global trend.
At the Multi Commodity Exchange, gold for August delivery rose by Rs 29, or 0.14 per cent, to Rs 20,975 per 10 grams, with an open interest for a single lot.
Likewise, futures contracts of the metal for April delivery moved up by Rs 22, or 0.11 per cent, to Rs 20,538 per 10 grams, with a business turnover of two lots.
Market analysts said speculators were enlarging their positions on the back of a firming global trend, which mainly led to the rise in gold futures prices.
Meanwhile, gold rose by $9 to $1,384.60 an ounce in New York last evening.
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