APN News

  • Sunday, September, 2021| Today's Market | Current Time: 04:42:23
  • goldTaking positive cues from the global markets, gold rose further by 0.28 percent to Rs 26,796 per 10 gram in futures trade, as speculators enlarged positions.

    At the Multi Commodity Exchange, gold for delivery in June contracts after opening higher, rose further by Rs 74, or 0.28 percent, to Rs 26,796 per 10 gram with a business turnover of 10,403 lots.

    Similarly, the metal for delivery in far-month August rose Rs 41, or 0.15 per cent, to Rs 27,095 per 10 gram, in 387 lots.

    Globally, gold traded 0.20 percent higher at USD 1,455.60 an ounce in volatile trade in Singapore on Wednesday.

    Analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets on the back of rising physical demand for gold in China.

    They said, however, a weak trend in the spot markets due to slackened demand, limited the gains.

    In the spot market gold extended yesterday’s losses with prices falling by another Rs 85 to Rs 27,565 per 10 gram in the national capital on Wednesday.

    On the other hand, silver ready recovered by Rs 400 to Rs 45,700 per kg and weekly-based delivery by Rs 235 to Rs 44,865 per kg.

    The white metal had lost Rs 900 in the previous session. Meanwhile, silver coins lacked necessary buying support and dropped by Rs 1,000 to Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.