Bullion futures rise on global cues

Gold and silver futures prices traded higher today, on firm global trends and fresh postions created by speculators.

June gold was up Rs 39, or 0.14%, to Rs 28,743 per 10 grams in business turnover of 179 lots, on the Multi Commodity Exchange. The April contract gained Rs 33, or 0.12% to Rs 28,406 in 5,340 lots.

May silver was up Rs 68, or 0.12%, to Rs 58,700 per kg in business turnover of 502 lots on the MCX, while the March contract added Rs 46, or 0.08%, to Rs 57,311 per kg in 5,980 lots.

Market analysts said besides fresh buying by speculators for the ongoing marriage season amid firming trends overseas mainly led to rise in bullion futures.

 

In Asia, gold rose by $5.40 to $1,750.30 an ounce in Singapore, while silver traded higher by 0.18% to $34.21 an ounce.