Gold futures jump to Rs 59,437, silver futures also rise
Gold futures gain Rs 84 to Rs 59,437/10 gm. Silver futures rise on spot demand.
Gold prices on Monday rose Rs 84 to Rs 59,437 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 84 or 0.14 per cent at Rs 59,437 per 10 grams in a business turnover of 2,950 lots.
Fresh positions built up by participants led to the rise in gold prices, analysts said.
India vs Australia 3rd ODI Free Live Streaming: When and How to watch IND VS AUS match live on Web, tv, mobile apps online
Flipkart Big Billion Days Sale 2023: Check heavy discounts on Xiaomi, Samsung, Motorola, Vivo and more phones
Ganesh Visarjan (Anant Chaturthi): Mumbai Police issues traffic advisory; Western and Central Railway to run special trains
Prataap Snacks shares slip 4% after GST department searches company's manufacturing unit in Bengaluru
Globally, gold was trading 0.14 per cent lower at USD 1,960.40 per ounce in New York.
Silver futures rise on spot demand
Silver price on Monday increased Rs 30 to Rs 71,259 per kilogram in futures trade as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for July delivery gained Rs 30 or 0.04 per cent to Rs 71,259 per kg in 13,818 lots.
Analysts said the rise in silver prices was mainly due to fresh positions built up by participants on a positive domestic trend.
Globally, silver was trading 0.04 per cent lower at USD 23.35 per ounce in New York.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
Traders' Diary: Buy, sell or hold strategy on Nykaa, SBI Life, Wipro, DMart, Bata, over a dozen other stocks today
India's 'activist' central bank to temper rupee, bond gains post index inclusion: JPMorgan's Jahangir Aziz
India Vs Australia LIVE Score, 3rd ODI Match Updates, IND VS AUS live Scorecard: Rohit Sharma's men eye clean sweep against struggling Aussies at Rajkot