Platinum rises on higher global trend

Amid a firming global trend and increased spot markets demand, platinum prices rose by Rs 3.50 to Rs 2,550 per gram in futures trade today on fresh buying by speculators.

At the Multi Commodity Exchange, platinum for delivery in September rose by Rs 3.50, or 0.14%, to Rs 2,550 per gram, with an open interest of a single lot.

Market analysts said apart from a firming trend in overseas market, increased demand in the spot market mainly led to rise in platinum futures prices.

Meanwhile, platinum gained 0.3% to $1,759.50 an ounce in Asia.