Gold rebounds nearly ₹2,000 to ₹1.41 lakh/10g as global prices recover| Business News
Gold prices rebounded by ₹1,997 to ₹1.41 lakh per 10 grams in futures trade on Friday, tracking gains in global markets and bargain buying by traders after a sharp decline. A goldsmith weighs gold jewellery inside a showroom in Ahmedabad, India. (REUTERS) On the Multi Commodity Exchange (MCX), the yellow metal for April delivery increased ₹1,997, or 1.43 per cent, to ₹1,41,490 per 10 grams. It had settled at ₹1,39,493 per 10 grams, down by ₹4,604, or 3.2 per cent on Thursday. Similarly, the June contract also appreciated by ₹1,811, or 1.27 per cent, to ₹1,44,325 per 10 grams on the MCX. In the previous session, gold futures slumped ₹4,926, or 3.34 per cent, to ₹1,42,514 per 10 grams. Also Read | MCX gold prices slip by 8%, silver dips by 11% amid Iran-US war: Check city-wise rates Commodity markets was closed in the morning session on account of Ram Navami and resumed trading in the evening session on Thursday. In the international market, gold for April delivery on the Comex rose USD 89.1, or …