 "Gold futures up 0.86% on positive global cues")
Gold prices rose sharply by Rs 246 to Rs 29,016 per 10 grams in futures trading today as speculators enlarged positions on positive cues from overseas markets.
At the Multi Commodity Exchange, gold for delivery in October rose by Rs 246, or 0.86 per cent, to Rs 29,016 per 10 grams in a business turnover of 260 lots.
December gold added Rs 212, or 0.74 per cent, to Rs 28,950 per 10 grams in three lots.
Meanwhile, gold traded 0.30 per cent higher at $1,316.91 an ounce in Singapore today, the highest since July 21.
At the Multi Commodity Exchange, gold for delivery in October rose by Rs 246, or 0.86 per cent, to Rs 29,016 per 10 grams in a business turnover of 260 lots.
December gold added Rs 212, or 0.74 per cent, to Rs 28,950 per 10 grams in three lots.
Also Read
Market analysts said speculators enlarged their positions on the back of a firming global trend as safe-haven demand increased on tension over Ukraine and unrest in West Asia. This mainly led to rise in gold prices at futures trade.
Meanwhile, gold traded 0.30 per cent higher at $1,316.91 an ounce in Singapore today, the highest since July 21.
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%