Gold costs maintain place for the week on spot demand, finish Rs 51,535 per 10 gram in futures commerce

Ingots of 99.99% pure gold are seen in this file photo.

Gold costs began up in futures commerce initially of the week and continued to carry the spot, dropping solely as soon as on Thursday, as they tracked international charges. Through the six months of coronavirus pandemic-led turmoil in monetary markets, gold costs have been one of the crucial constant gainers.

On Monday, gold costs rose Rs 151 to Rs 51,470 per 10 gram in futures commerce as speculators created recent positions on agency spot demand. On the Multi Commodity Exchange (MCX), gold contracts for October supply traded increased by Rs 151, or 0.29 per cent, at Rs 51,470 per 10 gram in a enterprise turnover of 11,745 tons.

Analysts mentioned recent positions constructed up by contributors led to the rise in gold costs.

On Tuesday, as speculators created recent positions on agency spot demand gold costs rose Rs 323 to Rs 52,010 per 10 gram in futures commerce. Gold contracts for October supply on MCX traded increased by Rs 323, or 0.62 per cent, at Rs 52,010 per 10 gram in a enterprise turnover of 11,397 tons.

Fresh positions constructed up by contributors led to the rise in gold costs, in response to analysts.

The yellow steel held on Wednesday in addition to costs rose by Rs 153 to Rs 51,922 per 10 gram within the futures commerce as speculators created recent positions on agency spot demand. On MCX, gold contracts for the October supply traded increased by Rs 153, or 0.three per cent, at Rs 51,922 per 10 gram in a enterprise turnover of 10,814 tons.

Gold futures on Thursday fell 0.78 per cent to Rs 51,420 per 10 gram as contributors offloaded their holdings on low spot demand. On MCX, gold costs for the October supply declined by Rs 404, or 0.78 per cent, to Rs 51,420 per 10 gram in a enterprise turnover of 10,142 tons.

The yellow steel for the December supply eased by Rs 393, or 0.76 per cent, to Rs 51,595 per 10 gram in 8,192 tons.

Gold costs rose Rs 82 to Rs 51,535 per 10 gram in futures commerce on Friday as speculators created recent positions on agency spot demand. Gold contracts for October supply on MCX traded increased by Rs 82, or 0.16 per cent, at Rs 51,535 per 10 gram in a enterprise turnover of 9,286 tons.

Fresh positions constructed up by contributors led to the rise in gold costs, analysts mentioned.

(With PTI inputs)

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