Gold price futures rise to Rs 49,215 per 10 gram on spot demand, global cues

Gold prices on Thursday rose by Rs 56 to Rs 49,215 per 10 gram in futures trade as speculators created fresh positions on firm spot demand. On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 56, or 0.11 per cent, at Rs 49,215 per 10 gram in a business turnover of 10,797 lots.

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

Globally, gold prices traded 0.09 per cent higher at USD 1,822.30 per ounce in New York.

Silver futures up on spot demand, global cues

Silver prices on Thursday rose by Rs 356 to Rs 51,738 per kg in futures trade as participants widened their bets on firm spot demand and global cues.

On the Multi Commodity Exchange, silver contracts for September gained Rs 356, or 0.69 per cent, to Rs 51,738 per kg in 14,950 lots.

Analysts said the rise in silver prices was mostly on the back of fresh positions built up by participants on a positive domestic trend.

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In the international market, silver was trading up by 0.46 per cent at USD 19.25 an ounce in New York.