Technoglitch
Core Member
Gold rose Rs. 107 to Rs. 26,694 per 10 grams at the futures trade today after participants widened their positions even as it weakened in global markets.
On the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs. 107 or 0.4 per cent 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 per cent to Rs. 26,490 per ten grams in a turnover of 574 lots.
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 the demand for a safe haven, put pressure on the precious metal prices at the futures trade.
Meanwhile, gold fell 0.08 per cent to $1,124.10 an ounce in Singapore today.
Gold jumps to Rs 26,694 at futures trade | Business Line
On the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs. 107 or 0.4 per cent 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 per cent to Rs. 26,490 per ten grams in a turnover of 574 lots.
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 the demand for a safe haven, put pressure on the precious metal prices at the futures trade.
Meanwhile, gold fell 0.08 per cent to $1,124.10 an ounce in Singapore today.
Gold jumps to Rs 26,694 at futures trade | Business Line