Gold prices rose by 0.43% to Rs 20,774 per 10 grams in futures trade today, largely in tandem with a firming global trend.
At the Multi Commodity Exchange, gold for delivery in June rose by Rs 91, or 0.43%, to Rs 20,774 per 10 grams, with a business turnover of just one lot.
Likewise, the metal for delivery in April moved up by Rs 79, or 0.38%, to Rs 20,765 per 10 grams, with a turnover of three lots.
Market analysts attributed the rise in gold futures prices to creation of fresh positions by speculators on the back of a firming trend in global markets as the conflict in Libya, concerns about European debt and rising inflation boosted demand for an alternative investment.
Meanwhile, gold rose by $2.80 to $1,437.30 an ounce in Asian 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 →
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