MCX Gold futures have gained nearly Rs 3,000 or 5.21% in October largely aided by the Israel-Hamas crisis since last week, Anuj Gupta, Head Commodity & Currency, HDFC Securities said. As for Silver futures, the gains are to the tune of 2.90% or Rs 2,025 on the month-to-date basis, he added.
Gold futures are up 0.55% or Rs 318 on the month-to-date basis while they have gained 5.72% or Rs 2,901 on the year-to-date basis, Gupta said. As for Silver futures, the declines are 1.12% or Rs 783 in October while the declines this year stand at 0.49% or Rs 339, he said.
On Comex, gold futures were trading at $1,876.90 per troy ounce on Tuesday, up by $11.90 or 0.64% while silver futures were at $21.970, higher by $0.460 or 1.210%.