New Delhi: Gold prices rose 0.15 percent to Rs 27,576 per 10 grams in futures trade on Wednesday as speculators created fresh positions, taking positive cues from global markets.
At the Multi Commodity Exchange, gold for delivery in February was up by Rs 41, or 0.15 percent, to Rs 27,576 per 10 grams in a trade volume of 75 lots.
The metal for delivery in far-month April moved up Rs 31, or 0.11 percent, to Rs 27,532 per 10 grams in a turnover of2 lots.
Market analysts said rise in the precious metal at the global market ahead of the outcome of the ongoing Federal Reserve meet, that is likely to result in the first US interest rate increase this year, influenced gold prices at futures trade here.
Meanwhile, gold climbed as much as 0.15 percent to USD 1,159.70 an ounce in Singapore on Wednesday.
Silver futures gain on firm global cues
New Delhi: Silver prices rose by Rs 255 to reach Rs 41,490 per kg in futures trading today as speculators raised bets amid a firm trend in precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in far-month March was trading higher by Rs 255, or 0.62 percent, at Rs 41,490 per kg in a business turnover of 1,315 lots.
In a similar fashion, silver for delivery in May shot up by Rs 224, or 0.54 percent to Rs 42,067, clocking a business turnover of 13 lots.
Market analysts said fresh positions built by speculators in line with a firm trend in global markets for precious metals influenced silver prices at the futures trade.
Meanwhile, silver was up 0.24 percent to USD 16.91 an ounce in Singapore on Wednesday.
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