New Delhi, May 24: Gold prices rose by Rs. 48 or 0.27 per cent to Rs. 18,050 per ten gram in futures trade today, as traders created fresh positions influenced by a firming global trend.
At the Multi Commodity Exchange, gold for May—month contract rose Rs 48, or 0.27 per cent to Rs 18,050 per ten gram, with an open interest of 11,701 lots.
The metal for delivery in August contract also moved up by Rs. 47, or 0.26 per cent to Rs. 18,125 per ten gram, with a business turnover of 5,036 lots.
Market experts said fresh buying by traders influenced by a firming global trend led to a rise in gold prices at futures trade.
Meanwhile, gold climbed 0.7 per cent to $ 1,184.82 an ounce in the Asian region.
Silver prices moved up by Rs. 170 or 0.60 per cent to Rs. 28,720 per kg in futures trade today. At the Multi Commodity Exchange, silver for September contract moved up by Rs. 170, or 0.60 per cent to Rs. 28,720 per kg, with an open interest of 989 lots.
Similarly, the metal for delivery in July contract gained Rs. 166, or 0.58 per cent to Rs. 28,598 per kg, with a business turnover of 11,400 lots.
The fresh rise in silver prices was due to a firming global trend, traders said.
Meanwhile, silver jumped 1.6 per cent to $ 17.93 an ounce in the Asian region.
—-PTI