scorecardresearchGold futures gain ₹292 to ₹53,037/10 grams

Gold futures gain 292 to 53,037/10 grams

Updated: 16 Nov 2022, 03:04 PM IST
TL;DR.

On the Multi Commodity Exchange, gold contracts for December delivery traded higher by 292 or 0.55 per cent at 53,037 per 10 grams in a business turnover of 6,820 lots.

Raw gold bullion from a test sample are kept in a cast case near a furnace at a gold and silver refinery operated by MMTC-PAMP India Pvt. Ltd., in Nuh, India, on Wednesday, Aug. 31, 2022. Gold�held near its highest level in September 2022, as the dollar continued its retreat amid growing expectations that inflation may have peaked in the US. Photographer: Anindito Mukherjee/Bloomberg

Raw gold bullion from a test sample are kept in a cast case near a furnace at a gold and silver refinery operated by MMTC-PAMP India Pvt. Ltd., in Nuh, India, on Wednesday, Aug. 31, 2022. Gold�held near its highest level in September 2022, as the dollar continued its retreat amid growing expectations that inflation may have peaked in the US. Photographer: Anindito Mukherjee/Bloomberg

(PTI) Gold prices on Wednesday increased by 292 to 53,037 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for December delivery traded higher by 292 or 0.55 per cent at 53,037 per 10 grams in a business turnover of 6,820 lots.

Fresh positions built up by participants led to the rise in gold prices, analysts said.

Globally, gold was trading 0.27 per cent higher at USD 1,781.60 per ounce in New York. 

First Published: 16 Nov 2022, 03:04 PM IST