Globally, gold prices rose 0.28 per cent to $1,485 per ounce in New York.

PTI|

Dec 23, 2019, 12.38 PM IST

Getty Images

silver-getty
Silver futures on Monday traded higher by Rs 251 to Rs 45,155 per kg after speculators raised bets, driven by a firm trend overseas.

New Delhi: Gold prices on Monday rose by Rs 122 to Rs 38,113 per 10 gram in futures trade as speculators widened their bets in line with positive overseas trend.

On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 122, or 0.32 per cent, at Rs 38,113 per 10 gram in a business turnover of 1,481 lots.

The yellow metal for April delivery also traded higher by Rs 108, or 0.02 per cent, at Rs 38,178 per 10 gram in a business turnover of 49 lots.

Fresh positions built up by participants, taking positive cues from global markets, mostly led to the rise in gold prices, analysts said.

Globally, gold prices rose 0.28 per cent to $1,485 per ounce in New York.

Silver

Silver futures on Monday traded higher by Rs 251 to Rs 45,155 per kg after speculators raised bets, driven by a firm trend overseas.

Silver contracts for March delivery rose by Rs 251 to Rs 45,155 per kg in a business turnover of 2,654 lots on the Multi Commodity Exchange.

Besides, the white metal to be delivered in May jumped by Rs 290 to Rs 45,637 per kg in 20 lots.

Analysts said widening of positions by traders in sync with a firm trend overseas for precious metals mainly influenced silver prices here.

In the international market, silver traded 0.59 per cent higher at $17.33 an ounce in New York.

Also Read

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

Gold rate today: Gold eases amid improving global sentiment

Gold Rate Today: Gold, silver shine on safe haven demand

Gold rate today: Gold gains as Moody’s downgrades outlook on India

Gold Rate Today: Gold, silver edge lower on rise in risk appetite

Commenting feature is disabled in your country/region.

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service

Bright Future Financial is the supplier of precious metals. Call (855) 200-5383 to speak with a metals specialist at Bright Future Financial about your precious metals investments!

Leave a Reply

Your email address will not be published. Required fields are marked *