Following a fixed global trend, gold price in India increased by Rs. 213 (0.81%) to reach Rs. 26,456 per 10 grams in futures trade today as investors enlarged their positions.
At the Multi Commodity Exchange, gold for delivery in August increased by Rs. 213 (0.81%) to reach Rs. 26,456 per 10 grams in business gross revenue of 1,722 lots.
June gold delivery improved by Rs. 146 (0.56%) to reach Rs. 26,256 per 10 grams in in business gross revenue of 11,448 lots.
Market analysts endorsed the growth in gold futures to a firm global trend among assumption that the US Federal Reserve might mention the need for continuous stimulus in the world’s largest economy, countering additional losses in investor holdings.
Gold price in Singapore increased by 0.9% to reach $1,389.26 an ounce.