Gold futures continue touching new highs on global cues
Continuing its record setting spree, gold prices rose to a fresh record high by surging Rs 72 to Rs 20,365/ 10 gm in futures trading.
By PTI |
NEW DELHI: Continuing its record setting spree, gold prices rose to a fresh record high by surging Rs 72 to Rs 20,365 per ten gram in futures trading today, as speculators engaged in creating huge positions, taking cues from firming global markets.
At the Multi Commodity Exchange platform, gold for delivery in June contract was up by Rs 72, or 0.35 per cent to, Rs 20,365 per ten gram, with a turnover of one lot.
The precious metal for delivery in February contract was also up by Rs 117, or 0.40 per cent, to Rs 20,169 per ten gram, clocked a turnover of two lots.
Analysts said the precious metal rose to a record high in futures market, as speculators indulged in enlarging their positions after it soared to an all-time high in global markets.
Besides, strong demand at the domestic markets in the wake of ongoing festivals and marriage season also influenced the precious metal in futures trade here, they said.
Globally, gold rose by USD 8.30 to USD 1,380.20 an ounce in Asian trading, a level never seen before.
At the Multi Commodity Exchange platform, gold for delivery in June contract was up by Rs 72, or 0.35 per cent to, Rs 20,365 per ten gram, with a turnover of one lot.
The precious metal for delivery in February contract was also up by Rs 117, or 0.40 per cent, to Rs 20,169 per ten gram, clocked a turnover of two lots.
Analysts said the precious metal rose to a record high in futures market, as speculators indulged in enlarging their positions after it soared to an all-time high in global markets.
Besides, strong demand at the domestic markets in the wake of ongoing festivals and marriage season also influenced the precious metal in futures trade here, they said.
Globally, gold rose by USD 8.30 to USD 1,380.20 an ounce in Asian trading, a level never seen before.
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