Wednesday 6 September 2017

Gold, silver rise on global cues


Gold prices were higher by Rs 103 to Rs 30,208 per ten grams in futures trade nowadays as speculators widened their positions on positive cues from international markets.

At the Multi commodities exchange, gold for delivery in Oct was mercantilism higher by Rs 103, or 0.34 per cent, at Rs 30,208 per ten grams, in a very business turnover of 426 tons.

The metal for delivery in far-month Dec too rose by Rs ninety four, or 0.31 per cent, at Rs 30,386 per ten grams, in a very turnover of 3 tons.

Analysts aforesaid a firming trend in international market on prevailing government tensions once the D.P.R.K. on Sunday claimed that it had with success tested a fusion bomb, fuelled protection demand, influenced the gold costs in futures trade.

Globally, gold rose 0.22 per cent higher at USD 1,336.70 an ounce in Singapore nowadays.
Silver
Silver costs went up by Rs 204 to Rs 42,114 per kilogram in futures mercantilism nowadays as speculators widened positions amid firm trend in precious metals overseas.

At the Multi commodities exchange, silver for delivery in March next year listed higher by Rs 204, or 0.49 per cent, at Rs 42,114 per kilogram in a very business turnover of one heap.

Likewise, the alloy for delivery in Dec was mercantilism higher by Rs 59, or 0.14 per cent, to Rs 41,480 per kilogram in 555 tons.

Market analysts aforesaid speculative positions engineered up by participants, chase a much better trend in international markets for precious metals, supported the top in silver costs at futures trade here.

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