Gold futures prices today rose by 0.17 per cent to Rs 26,055 per 10 grams as speculators enlarged positions, largely in tandem with a firming trend overseas. At the Multi Commodity Exchange, metal prices for delivery in August gained Rs 45, or 0.17 per cent, to trade higher at Rs 26,055 per 10 gm in a turnover of 4,038 lots.
Similarly, the metal prices for delivery in October edged up by Rs 33, or 0.13 per cent, to Rs 26,139 per 10 gm, clocking a business volume of 305 lots. Analysts attributed gains in the precious metal at futures trade to a firm trend in the overseas markets as physical gold purchases picked up at lower prices. Globally, gold rose by USD 13.40, or 1.08 per cent, to USD 1,250.10 an ounce in New York yesterday.
Base Metals News (Copper Updates, Crude oil Tips):-
Copper prices fell by 0.49 per cent to Rs 406.75 per kg in futures trade today after speculators trimmed positions, tracking a weak global trend. At the Multi Commodity Exchange, Copper for delivery in August fell by Rs 2, or 0.49 per cent, to Rs 406.75 per kg in business turnover of 799 lots.
Crude oil futures prices rose sharply by 1.14 per cent to Rs 6,280 per barrel today as speculators created fresh positions, tracking a firming trend in Asia. At the Multi Commodity Exchange, crude oil for delivery in July traded Rs 71 or 1.14 per cent, higher at Rs 6,280 per barrel with a business turnover of 11,657 lots.
Source:- MCX Commodity Tips
