On the Multi Commodity Exchange, gold contracts for October delivery traded higher by Rs 344 or 0.47 per cent at Rs 73,782 per 10 grams in a business turnover of 12,679 lots.
Shares of Motisons jwellers gained 7.92 per cent from the previous close of Rs 259.90. The counter opened at Rs 251.70 and gained to touch the high of Rs 269.70. The stock has outperformed the sector by 3.18 per cent.
On technical parameters, Motisons Jewel is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. Meanwhile, gold prices on Friday increased Rs 344 to Rs 73,782 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
On the Multi Commodity Exchange, gold contracts for October delivery traded higher by Rs 344 or 0.47 per cent at Rs 73,782 per 10 grams in a business turnover of 12,679 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.66 per cent to USD 2,631.80 per ounce in New York.
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