Gold futures prices marginally up on short-covering

Gold prices recovered by Rs 54 to Rs 30,134 per 10 grams in futures trading today as speculators covered-up positions at prevailing levels even as metal weakened overseas.

At the Multi Commodity Exchange,gold for delivery in August rose by Rs 54,or 0.18 per cent,to Rs 30,134 per 10 grams,with a business turnover of 1,401 lots.

Similarly,the metal for delivery in October moved up by Rs 55,or 0.18 per cent,to Rs 30,422 per 10 grams,with a business turnover of 88 lots.

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Market analysts attributed the rise in gold futures to covering-up of short positions by speculators but weak trend overseas capped the gains.

Meanwhile,gold price traded lower by 0.07 per cent to USD 1,584.20 an ounce in Singapore.

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Multi Commodity Exchange

PM Modi releases special coin, stamp to mark 100 years of RSS

India1 hr ago

Prime Minister Narendra Modi said that Rashtriya Swayam Sevak Sangh [RSS] had suffered at the hands of British and Nizams for its belief of ‘nation first’. He also said RSS members, including founder KB Hedgewar, had been jailed during the freedom struggle. Modi released a special commemorative postage stamp and a coin to mark the centenary of the RSS.

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