Begin typing your search...
Divergent trading in futures
image for illustrative purpose
Gold futures rose Rs 47 to Rs 57,619 per 10 grams as speculators created fresh positions on firm spot demand. However, silver futures fell Rs227 to Rs68,867 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange (MCX), gold contracts for December delivery traded higher by Rs47 or 0.08 per cent at Rs57,619 per 10 grams in a business turnover of 14,780 lots. Fresh positions built up by participants led to the rise in gold prices, analysts said. Globally, gold was trading 0.33 per cent higher at $1,870.40 per ounce in New York.
