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

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