Futures back in divergent trading
image for illustrative purpose
Gold futures rose Rs120 to Rs72,323 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. Silver futures marginally fell to Rs92,025 per kilogram as participants reduced their bets.
On MCX, gold contracts for August delivery traded higher Rs120 or 0.17 per cent at Rs72,323 per 10 grams in a business turnover of 16,781 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said.
Globally, gold futures grew 0.33 per cent to $2,361.50 per ounce in New York. On MCX, silver contracts for July delivery marginally declined Rs8 or 0.01 per cent to Rs92,025 per kg in a business turnover of 24,465 lots. Globally, silver was trading 0.58 per cent lower at $30.61 per ounce in New York.
