Gold prices rose by 0.50 per cent to Rs 21,204 per ten grams in futures trade today, supported by a firm trend overseas, as violence in the Middle East intensified, and rising domestic demand.
At the Multi Commodity Exchange, gold for delivery in April gained Rs 206, or 0.50 per cent, to Rs 21,204 per 10 grams, with a business turnover of four lots.
Likewise, the precious metal for delivery in June moved up by Rs 96, or 0.45 per cent, to Rs 21,494 per 10 grams, with a business volume of two lots.
Analysts said demand for precious metals as a safe haven investment due to the violence in the Middle East, influenced the trading sentiments at futures trade here.
Also, a firm trend in the domestic market on the back of increased demand, on account of the ongoing marriage season, supported the uptrend in the prices, they added.
Meanwhile, gold rose by 0.5 per cent to $1,437.85 an ounce in Asia. The metal climbed to an all-time high of $1,440.32 an ounce on March 2.
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