Wednesday, December 17, 2025 | 02:23 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Gold futures up by 0.2% on short-covering

Speculators covered-up positions even as the metal eased in the global market

Gold futures up by 0.2% on short-covering

Press Trust of India New Delhi
Gold futures were up by Rs 50 to Rs 25,920 per 10 gram as speculators covered-up positions even as the metal eased in the global market.

At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 50 or 0.19% to Rs 25,920 per 10 gram in a business turnover of 546 lots.

The metal for delivery in far-month April contract rose Rs 22 or 0.08% at Rs 26,004 per 10 gram in a turnover of four lots.

Analysts attributed the rise in gold prices to covering-up of positions by speculators but weakness in the precious metal overseas, capped the gains.
 

Meanwhile, gold was trading at $1,096.16 an ounce in Singapore.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 12 2016 | 11:22 AM IST

Explore News