Zee Media Bureau
Gold prices rose by Rs 189 to Rs 27,960 per 10 grams in futures trade Tuesday as market participants enlarged positions moving in tandem with a firming trend overseas.
At the Multi Commodity Exchange (MCX), gold for delivery in October climbed by Rs 189 or 0.68 percent to Rs 27,960 per ten grams.
Analysts said fresh positions built-up by participants following a better trend in global market, influenced gold prices at futures trade here.
Gold in overseas markets, which normally set price trend on the domestic front, gained over 0.50 percent today.
Spot gold last traded at USD 1,283.90 an ounce, up 0.60 percent or USD 7.70.
Meanwhile, snapping its nine-day losing streak, gold prices recovered by Rs 230 to Rs 28,260 per 10 grams at Delhi bullion market.
Silver also rose by Rs 400 to Rs 43,000 per kg on increased offtake by industrial units and coin makers.
