Gold prices rose Rs 120 to trade at over two-month high of Rs 26,450 per 10 gram at the bullion market today, tracking a firm trend in global market amid a pick up in buying at the domestic spot markets by jewellers..
Gold prices rose Rs 120 to trade at over two-month high of Rs 26,450 per 10 gram at the bullion market today, tracking a firm trend in global market amid a pick up in buying at the domestic spot markets by jewellers.
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On Wednesday, Gold witnessed a modest rebound after overnight losses at the domestic bullion market due to renewed buying interest from jewellers and retailers amid firming overseas trend. Standard gold (99.5 purity) rose by Rs 105 to settle at Rs 25,455 per 10 grams from yesterday's closing level of Rs 25,350.
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After rising for the third straight day, gold prices on Friday, today, eased from a three-month high by falling Rs 85 to Rs 27,050 per 10 grams at the bullion market, reflecting weak global cues amid a decline in demand from jewellers.
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Gold, silver rebound on renewed demand, global cues News video
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Gold prices drifted Rs 97 to Rs 25,455 per 10 grams in futures trade on Tuesday today, as participants lightened their positions, largely in step with a weak trend overseas. In futures trading, gold for delivery in far-month February 2016 contract was trading Rs 97, or 0.38 per cent down, at Rs 25,455 per 10 grams at Multi Commodity Exchange with a business turnover of 251 lots.
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On Friday, gold prices today further eased by Rs 90 to Rs 25,710 per ten gram at the bullion market due to subdued demand from jewellers amid weak global cues. Globally, gold lost 0.5 per cent to USD 1,065.97 an ounce in Singapore, while it fell 0.27 per cent to USD 1,068.60 an ounce in London.
Watch Gold extends losses on sluggish demand, global cues With HD Quality
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On Friday, gold prices today further eased by Rs 90 to Rs 25,710 per ten gram at the bullion market due to subdued demand from jewellers amid weak global cues. Globally, gold lost 0.5 per cent to USD 1,065.97 an ounce in Singapore, while it fell 0.27 per cent to USD 1,068.60 an ounce in London.
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Gold prices rose Rs 57 to Rs 25,041 per 10 grams in futures trading today as speculators created fresh positions, taking positive cues from global markets. Gold traded 0.4 per cent higher at USD 1,054.99 an ounce in Singapore.
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Gold prices fall Rs 86 to Rs 29,505 per 10 grams in futures trade on Thursday trade as participants reduced their positions, largely in line with a weak trend overseas.
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Watch Gold prices up by Rs 75 in future trade on global cues With HD Quality
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