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Precious metals: Gold, silver futures advance on fresh bets

Globally, gold price was quoting 0.22 per cent up at USD 1,475.50 an ounce in New York.

PTI|
Dec 13, 2019, 02.53 PM IST
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Silver futures on Friday rose by Rs 152 to Rs 44,078 per kg as investors raised their positions supported by positive global trend.

Commodity Summary
MCX

GOLD
SILVER
New Delhi: Gold prices on Friday rose Rs 56 to Rs 37,600 per 10 gram in futures trade as speculators widened their bets on spot demand and a positive trend overseas.

On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 56, or 0.15 per cent, at Rs 37,600 per 10 gram in a business turnover of 16,002 lots.

Gold for delivery in April next year also edged up by Rs 59, or 0.16 per cent, to Rs 38,633 per 10 gram in 2,695 lots.

Analysts said the rise in gold prices was mostly on the back of fresh positions built up by participants on strong overseas trend.

Globally, gold price was quoting 0.22 per cent up at USD 1,475.50 an ounce in New York.

Silver
Silver futures on Friday rose by Rs 152 to Rs 44,078 per kg as investors raised their positions supported by positive global trend.

Silver contracts to be delivered in March were trading higher by 0.35 per cent, or Rs 152, to Rs 43,078 per kg in 12,845 lots on the Multi Commodity Exchange.

In the international market, silver was 0.27 per cent up at USD 17 an ounce in New York.

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