Zee Media Bureau
New Delhi: Gold prices climbed by Rs 386 to Rs 26,983 per 10 grams in futures trade Monday as speculators created fresh positions taking positive cues from the global market.
At the Multi Commodity Exchange (MCX), gold for delivery in June moved higher by Rs 386 or 1.45 percent to Rs 26,983 per ten grams.
Gold in overseas markets, which normally set price trend on the domestic front, rose to the highest level in almost seven weeks on fading expectations of an early US rate hike on the back of disappointing manufacturing as well as jobs data last weekend.
The yellow metal increased as much as 1.4 percent to USD 1,223.51 an ounce, the highest price since February 17.
Meanwhile, gold prices rose by Rs 240 to trade at over one-month high at Rs 27,250 per 10 grams at Delhi market today amid firming global trends and increased buying by jewellers and retailers.
Silver also spurted by Rs 900 to Rs 38,500 per kg on increased offtake by industrial units and coin makers.
Mumbai
Standard gold (99.5 purity) rose by Rs 210 to finish at Rs 26,840 per 10 grams from last Saturday's closing level of Rs 26,630. Pure gold (99.9 purity) also climbed by a similar margin to end at Rs 26,990 per 10 grams compared to Rs 26,780.
Silver (.999 fineness) shot-up by a whopping Rs 720 to conclude at Rs 38,820 per kg as against Rs 38,100 weekend.
