Categories: Business

Gold and silver future price up on positive global cues


Gold future

new Delhi. Today, gold and silver prices have increased in the futures market. Expectations of further spot demand, coupled with better foreign signals and relaxation in lockdown, have shown an improvement in prices.

Looking at the better sign, speculators bought fresh deals, which led to an increase of Rs 142, or 0.31 per cent, to Rs 46,243 per 10 grams in gold for delivery in August on MCX, which traded for 13,592 lots. Gold for delivery in October rose by Rs 94, or 0.2 per cent, to Rs 46,374 per 10 grams with a turnover of 5,457 lots. Internationally, gold prices rose 0.14 percent to $ 1,707.50 an ounce in New York.

On the other hand, silver prices rose by 0.11 percent to Rs 48,240 per kg in futures trade due to better demand signals. In July, the delivery price of MCX rose by Rs 55, or 0.11 per cent, to Rs 48,240 per kg, with a turnover of 11,243 lots. Similarly, the delivery price for September rose by Rs 37, or 0.08 per cent, to Rs 49,030 per kg with a turnover of 1,396 lots. However, silver fell 0.24 percent to $ 17.85 an ounce in the international market in New York.

This post was published on June 9, 2020 4:48 pm

Content Team

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