 "Gold inches up in futures trade on firm global cues")
Gold prices rose by Rs 50 to Rs 25,668 per 10 grams in futures trading today as speculators raised their bets amid a firming trend overseas.
At the Multi Commodity Exchange, gold for delivery in April next year rose by Rs 50 or 0.20 per cent to Rs 25,668 per 10 grams in a business turnover of two lots.
Similarly, the yellow metal for delivery in February traded higher by Rs 17 or 0.07 per cent to Rs 25,543 per 10 grams in 149 lots.
Analysts said a firming trend in the global markets as investors priced in a US interest-rate rise this month and weighed the pace of increases next year, influenced gold futures here.
At the Multi Commodity Exchange, gold for delivery in April next year rose by Rs 50 or 0.20 per cent to Rs 25,668 per 10 grams in a business turnover of two lots.
Similarly, the yellow metal for delivery in February traded higher by Rs 17 or 0.07 per cent to Rs 25,543 per 10 grams in 149 lots.
Also Read
Globally, gold rose 0.22 per cent to $1,077 an ounce in Singapore today.
Analysts said a firming trend in the global markets as investors priced in a US interest-rate rise this month and weighed the pace of increases next year, influenced gold futures here.
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%