Gold prices firm up amid rising Iran-Israel tensions
Gold futures, maturing on June 5, 2024, stood at Rs 72,813 per 10 grams on the MCX, up Rs 536 or 0.74 per cent from the previous day’s close of Rs 72,277.
Gold prices rose 0.07 per cent to Rs 39,115 per 10 gram in futures trade on Tuesday as speculators widened their bets, tracking a firm trend overseas.
On the Multi Commodity Exchange, gold for delivery for October contracts traded higher by Rs 28, or 0.07 per cent, to Rs 39,115 per 10 gram in a business turnover of 3,690 lots.
The yellow metal contracts for the December delivery, however, traded lower by Rs 17, or 0.04 per cent, to Rs 39,570 per 10 gram in a business turnover of 172.
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Analysts said the rise in gold prices was mostly on the back of fresh positions built up by the participants taking positive cues from global markets.
Globally, gold prices rose 0.39 per cent at USD 1,535.40 an ounce in New York.
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