home Latest News Precious Metals: Gold, silver rise in futures trade amid robust demand – Economic Times

Precious Metals: Gold, silver rise in futures trade amid robust demand – Economic Times

This post was originally published on this site

Gold prices on Friday rose by Rs 19 to Rs 40,675 per 10 gram in futures trade as speculators widened their bets even as the metal declined in overseas markets.

On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 19, or 0.05 per cent, to Rs 40,675 per 10 gram in a business turnover of 1,694 lots.

The yellow metal for April delivery edged up by Rs 15, or 0.04 per cent, at Rs 40,845 per 10 gram in a business turnover of 116 lots.

Globally, gold prices decline 0.03 per cent to $1,578.90 per ounce in New York.

Silver
Silver prices on Friday rose by Rs 112 to Rs 45,911 per kg in futures trade as speculators increased their bets tracking a positive trend overseas.

On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 112, or 0.24 per cent, to Rs 45,911 per kg in 3,083 lots.

Similarly, the white metal for delivery in May was trading higher by Rs 92, or 0.20 per cent, to Rs 46,435 per kg in 94 lots.

Traders said fresh bets by participants in line with a firm trend in global markets mainly led to rise in silver futures.

In the international market, silver was up 0.15 per cent at $17.65 an ounce in New York.