Uncategorized

Market on Top: Gold And Silver Futures Rise Today

Gold price on Thursday increased by Rs 50 to Rs 57,265 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 50 or 0.09 per cent at Rs 57,265 per 10 grams in a business turnover of 16,442 lots. Fresh positions built up by participants led to the rise in gold prices, analysts said. Globally, gold was trading 0.14 per cent higher at USD 1,893.40 per ounce in New York.

Silver futures rise to Rs 67,642 per kg

Silver prices on Thursday marginally increased by Rs 9 to Rs 67,642 per kg in futures trade as participants widened their bets amid firm spot demand. On the Multi Commodity Exchange, silver contracts for March delivery marginally gained Rs 9 or 0.01 per cent to Rs 67,740 per kg in 14,737 lots. Analysts said the rise in silver prices was mainly due to fresh positions built up by participants amid a positive trend in the market. Globally, silver was trading 0.29 per cent higher at USD 22.49 per ounce in New York

Also read: Nokia Likely To Extend Production Of Fibre Broadband Equipment In India

Shruti Chaturvedi

Recent Posts

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

12 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

12 hours ago

Chhattisgarh: Seven Maoists Killed In Indravati National Park Operation

Five Maoists were killed in two separate encounters with security forces in Chhattisgarh’s Bijapur district,…

13 hours ago

Carney Invites Modi To G7 Summit, Highlights India’s Global Supply Chain Role

Canadian Prime Minister Mark Carney said the most populous country, with the fifth-largest economy, must…

13 hours ago

RBI Frontloads Rate Cuts To Boost Growth Amid Low Inflation: Crisil

The Reserve Bank of India (RBI) has frontloaded its rate cuts to support economic growth,…

14 hours ago

PM Modi Urges Global Action On Coastal Resilience At Nice Summit

PM Narendra Modi on Saturday called for urgent global action to build infrastructure that can…

14 hours ago