Gold price today 18.02.2020: On MCX, rate jumps Rs 154 to Rs 40,910 per 10 gm

Gold price on Tuesday rose by Rs 154 to Rs 40,910 per 10 gram in futures trade as speculators widened their bets in line with positive overseas trend. On the Multi Commodity Exchange (MCX), gold contracts for April traded higher by Rs 154, or 0.38 per cent, at Rs 40,910 per 10 gram in a business turnover of 1,434 lots.

The yellow metal for June delivery edged up by Rs 142, or 0.35 per cent, to Rs 41,070 per 10 gram in a business turnover of 68 lots.

Fresh positions built up by participants on positive cues from global markets mainly led to rise in gold prices, analysts said.

Globally, gold prices rose 0.14 per cent to USD 1,588.60 per ounce in New York.

Silver futures rise Rs 187 to Rs 46,310 per kg

Silver prices on Tuesday rose by Rs 187 to Rs 46,310 per kg in futures trade as speculators increased their bets tracking a positive trend overseas.

On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 187, or 0.41 per cent, to Rs 46,310 per kg in 3,599 lots.

Similarly, the white metal for delivery in May was trading higher by Rs 159, or 0.34 per cent, to Rs 46,801 per kg in 67 lots.

Traders said fresh bets by participants in line with a firm trend in global markets mainly led to rise in silver futures.

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In the international market, silver was up 0.43 per cent at USD 17.81 an ounce in New York.