Gold futures climb Rs 279 on global cues
Gold futures climb Rs 279 on global cues New Delhi: Gold prices spurted by Rs 279 to Rs 29,871 per 10 gram in futures trade as speculators widened their bets taking positive cues from the global market.
At Multi Commodity Exchange, gold for delivery in April was trading Rs 279 or 0.94 per cent higher at Rs 29,871 per 10 gram in business turnover of 541 lots.
The metal for delivery in far-month June also moved up by Rs 275 or 0.92 per cent to Rs 30,127 per 10 gram in a turnover of 22 lots.
Analysts said fresh positions created by participants following a better trend in global market as commodities extended their recovery after China said it will boost efforts to right the economy and the US dollar weakened, supported the upside in gold futures here.
Meanwhile, gold traded higher at USD 1,268.03 an ounce in Singapore, from USD 1,267.33.
Silver futures up Rs 168 on global cues New Delhi: Silver prices were up by Rs 168 to Rs 37,737 per kg in futures trade today after participants raised their bets amid firming global trends.
At the Multi Commodity Exchange, silver for delivery in May was up by Rs 168 or 0.45 per cent to Rs 37,737 per kg in a business turnover of 347 lots.
Similarly, the white metal for delivery in far-month July traded higher by Rs 153 or 0.40 per cent to Rs 38,127 per kg in business volume of just one lot.
Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metal overseas as dollar's safe-haven appeal weakened while china said it will boost efforts to mend the economy.
Globally, silver traded 0.77 per cent higher at USD 15.63 an ounce in New York yesterday.
At Multi Commodity Exchange, gold for delivery in April was trading Rs 279 or 0.94 per cent higher at Rs 29,871 per 10 gram in business turnover of 541 lots.
The metal for delivery in far-month June also moved up by Rs 275 or 0.92 per cent to Rs 30,127 per 10 gram in a turnover of 22 lots.
Analysts said fresh positions created by participants following a better trend in global market as commodities extended their recovery after China said it will boost efforts to right the economy and the US dollar weakened, supported the upside in gold futures here.
Meanwhile, gold traded higher at USD 1,268.03 an ounce in Singapore, from USD 1,267.33.
Silver futures up Rs 168 on global cues New Delhi: Silver prices were up by Rs 168 to Rs 37,737 per kg in futures trade today after participants raised their bets amid firming global trends.
At the Multi Commodity Exchange, silver for delivery in May was up by Rs 168 or 0.45 per cent to Rs 37,737 per kg in a business turnover of 347 lots.
Similarly, the white metal for delivery in far-month July traded higher by Rs 153 or 0.40 per cent to Rs 38,127 per kg in business volume of just one lot.
Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metal overseas as dollar's safe-haven appeal weakened while china said it will boost efforts to mend the economy.
Globally, silver traded 0.77 per cent higher at USD 15.63 an ounce in New York yesterday.
