 "Gold futures up Rs 54 as speculators widen position")
Gold prices were up by Rs 50 to Rs 31,220 per 10 grams in futures trade on Thursday as speculators raised their bets even as metal weakened overseas.
In futures trading at the Multi Commodity Exchange, gold for delivery in far-month was trading higher by Rs 54, or 0.17 per cent, to Rs 31,220 per 10 grams, in a business turnover of 46 lots.
The yellow metal for delivery in October gained Rs 50, or 0.16 per cent, to Rs 31,088 per 10 grams in 332 lots.
Market analysts attributed the rise in gold prices at futures trade to widening of positions by speculators, but a weak trend in precious metals overseas capped the gains.
Meanwhile, gold was trading lower by 0.08 per cent, at $1,321.60 an ounce in Singapore.
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%