Gold continued to glitter with prices rising by another 0.3% to Rs 24,142 per 10 grams in futures trade today after the precious metal climbed to a record in the US market.
At the Multi Commodity Exchange, gold for October delivery shot up by Rs 87, or 0.3%, to Rs 24,142 per 10 grams, with a turnover of 635 lots. It had closed 1.04% higher at Rs 24,055 per 10 grams after hitting a record of Rs 24,245 per 10 grams in yesterday's trade.
August gold gained Rs 24, or 0.1%, to Rs 23,860 per 10 grams, with a trade volume of 16 lots.
arket analysts said a firming trend in precious metals at New York last evening, supported by worries about the spreading euro zone debt crisis and slowing global growth, mainly influenced gold prices at futures trade here.
Meanwhile, gold rallied by 1.9% to a record $1,675.90 an ounce in New York yesterday.
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