ET Markets
12,119.00-129.25
Stock Analysis, IPO, Mutual Funds, Bonds & More

Precious metals: Gold, silver futures rise on spot demand

Globally, gold price was quoting 0.21 per cent up at USD 1,463.80 an ounce in New York.

PTI|
Last Updated: Nov 29, 2019, 02.50 PM IST|Original: Nov 29, 2019, 02.50 PM IST
0Comments

Commodity Summary
MCX

GOLD
SILVER
New Delhi: Gold prices on Friday rose Rs 111 to Rs 37,834 per 10 gram in futures trade as speculators widened their bets on spot demand, tracking a firm trend overseas.

On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 111, or 0.29 per cent, at Rs 37,834 per 10 gram in a business turnover of 2,941 lots.

Gold for delivery in February next year also edged up by Rs 106, or 0.28 per cent, to Rs 37,869 per 10 gram in a business turnover of 15,782 lots.

Analysts said the rise in gold prices was mostly on the back of fresh positions built up by participants on positive overseas trend.

Globally, gold price was quoting 0.21 per cent up at USD 1,463.80 an ounce in New York.

Silver
Silver prices on Friday rose by Rs 112 to Rs 44,880 per kg in futures trade as participants widened their bets on firm spot demand.

On the Multi Commodity Exchange, silver contracts for March next year gained Rs 112, or 0.25 per cent, to Rs 44,880 per kg in 10,177 lots.

Similarly, the white metal for delivery in May 2020 was trading higher by Rs 200, or 0.44 per cent, to Rs 45,400 per kg in 4 lots.

Analysts said the rise in silver prices was mostly on the back of fresh positions built up by participants on positive domestic trend.

However, in the international market, silver was trading lower by 0.32 per cent at USD 17 an ounce in New York.

Also Read

Gold rate today: Gold edges higher as IMF trims growth outlook

Gold Rate Today: Gold, silver slip further on profit booking

Gold Rate Today: Gold prices gain amid weakness in US dollar

Gold Rate Today: Gold, silver slip as trade deal hopes rekindle

Gold rate today: Gold eases amid improving global sentiment

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service