5 days ago
Gold Rises Over Two Days While Silver Futures Fall
Gold and silver prices changed in different ways during futures trading on Thursday and Friday.
Gold prices increased on both days.
Traders bought new gold positions, and demand in the regular market was firm.
On Thursday, gold reached Rs 1,53,994 for 10 grams.
On Friday, it was quoted at Rs 1,52,650 for 10 grams.
Silver prices fell in India on both days because traders reduced their positions.
Gold also rose in international trading on both days.
International silver prices rose on Thursday but fell on Friday.
Gold futures rose Rs 231 to Rs 1,53,994 per 10 grams on Thursday, then gained Rs 309 to Rs 1,52,650 on Friday.
The October gold contract on the Multi Commodity Exchange gained 0.15% on Thursday and 0.20% on Friday.
Silver futures fell Rs 568 to Rs 2,43,645 per kilogram on Thursday and Rs 735 to Rs 2,33,364 on Friday.
Analysts linked gold’s gains to fresh positions and firm spot demand, while silver declined as traders reduced positions.
Internationally, gold futures rose on both days, while silver gained on Thursday but fell on Friday.
- Who
- Speculators, market participants, and traders in gold and silver futures.
- What
- Gold futures increased on Thursday and Friday, while domestic silver futures declined on both days.
- Where
- The Multi Commodity Exchange in India and international markets in New York.
- When
- Thursday and Friday, as reported in the two articles.
- Why
- Gold gained as traders created fresh positions amid firm spot demand; silver fell as participants reduced or unwound their positions.
Key facts
- Thursday gold
- Rose Rs 231 to Rs 1,53,994 per 10 grams; the October contract gained 0.15%.
- Friday gold
- Rose Rs 309 to Rs 1,52,650 per 10 grams; the October contract gained 0.20%.
- Thursday silver
- Fell Rs 568 to Rs 2,43,645 per kilogram; the December contract declined 0.23%.
- Friday silver
- Fell Rs 735 to Rs 2,33,364 per kilogram; the December contract declined 0.31%.
- Thursday turnover
- Gold recorded 867 lots and silver recorded 1,262 lots on the Multi Commodity Exchange.
- Friday turnover
- Gold recorded 10,209 lots and silver recorded 13,394 lots on the Multi Commodity Exchange.
- International prices
- Gold rose 0.47% to USD 4,419.57 per ounce on Thursday and 0.44% to USD 4,387.97 on Friday; silver rose 0.50% to USD 67.63 on Thursday but fell 0.84% to USD 64.381 on Friday.










