Gold futures rise on spot demand

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Gold costs on Friday (February 27, 2026) rose by ₹890 per 10 grams to ₹1,60,599 per 10 grams in futures commerce as speculators constructed contemporary positions on the premise of sturdy spot demand.

On the multi-commodity alternate, gold contract for April supply rose by ₹890 or 0.56% to ₹1,60,599 per 10 grams on a buying and selling quantity of seven,735 tons.

Analysts mentioned new positions by members led to an increase in gold costs.

Globally, gold futures rose 0.26% to $5,199.66 an oz. in New York.

“Gold costs remained largely range-bound on Friday, with upside capped by a robust greenback and blended world cues, whereas demand for safe-haven belongings amid geopolitical uncertainty continued to help sentiment,” mentioned Gaurav Garg, analysis analyst at Lemon Markets Desk.

Silver rose over 3% in futures buying and selling to Rs 267,000 per kg on contemporary safe-haven purchases.

Silver costs rose greater than 3% to Rs 267,000 per kg in futures buying and selling on Friday, with renewed safe-haven shopping for amid rising geopolitical tensions and uncertainty over US commerce coverage.

On the multi-commodity alternate, the white steel for March supply rose by ₹8,231 (3.17%) to ₹2,67,900 per kg on a buying and selling quantity of three,352 tons.

“In distinction, silver outperformed and rose sharply, with MCX futures costs rising from Rs 260,000 to excessive Rs 270,000 per kg amid rising geopolitical tensions and renewed safe-haven shopping for,” Garg mentioned.

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He added that market sentiment stays cautious forward of the discharge of key US financial information and the subsequent spherical of talks between the US and Iran. Expectations for robust industrial demand for silver, significantly from the solar energy and electronics sectors, additionally continued to help costs.

In abroad markets, Comex silver futures rose $1.82, or 2.06%, to $90.11 per ounce.

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