 "Gold rises by 0.4% in futures trade")
Gold rose by Rs 107 to Rs 26,694 per 10 grams in futures trade today after participants widened their positions even as it weakened in global markets.
At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 107 or 0.40% to Rs 26,694 per 10 grams in a business turnover of 55 lots.
The metal for delivery in October also gained Rs 96, or 0.36%, to Rs 26,490 per ten grams in a turnover of 574 lots.
Meanwhile, gold fell 0.08% to $1,124.10 an ounce in Singapore today.
At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 107 or 0.40% to Rs 26,694 per 10 grams in a business turnover of 55 lots.
The metal for delivery in October also gained Rs 96, or 0.36%, to Rs 26,490 per ten grams in a turnover of 574 lots.
Also Read
Analysts said fresh positions created by speculators helped gold futures to trade higher but a weak trend overseas after the European Central Bank signalled it could increase stimulus, which boosted the dollar and reduced demand for a safe haven, put pressure on the precious metal prices in futures trade.
Meanwhile, gold fell 0.08% to $1,124.10 an ounce in Singapore 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 →*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%