 "Gold futures surge on global cues")
Gold prices rose sharply by Rs 285 to Rs 30,375 per 10 grams in futures trade today as speculators created fresh positions taking cues from overseas markets.
At the Multi Commodity Exchange, gold for delivery in April rose by Rs 285, or 0.98%, to Rs 30,375 per 10 grams, with a business turnover of 967 lots.
Similarly, the metal for delivery in June moved up by Rs 272, or 0.92%, to Rs 29,747 per 10 grams, with a trade volume of 32 lots.
Globally, gold in Singapore traded 1.40% higher at $1,344.87 an ounce in early trade today.
At the Multi Commodity Exchange, gold for delivery in April rose by Rs 285, or 0.98%, to Rs 30,375 per 10 grams, with a business turnover of 967 lots.
Similarly, the metal for delivery in June moved up by Rs 272, or 0.92%, to Rs 29,747 per 10 grams, with a trade volume of 32 lots.
Also Read
Marketmen said fresh positions built-up by speculators in line with global trend as tension in Ukraine exacerbated by Russia's seizure of Crimea boosted demand for a safe haven, mainly led to a rise in gold futures.
Globally, gold in Singapore traded 1.40% higher at $1,344.87 an ounce in early trade today.
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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%