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Gold Rate Today: Gold, silver look up on firm global trend, rise in demand
NEW DELHI: Gold prices saw a mild uptick in futures trade on Wednesday, supported by firm global trend and a tepid rise in demand from local jewellers at the spot market.
Gold firmed slightly on Wednesday in global markets as investors held onto the safe-haven metal while seeking more clarity on the Sino-US trade talks, Reuters reported.
Dollar’s weakness against its global peers also gave a leg-up to the yellow metal. A weak dollar means gold will appreciate as the commodity becomes cheaper in other currencies, giving rise to its demand.
Silver prices also firmed amid a rise in demand for the metal from industrial units and coin makers.
The MCX Gold was trading at Rs 32,871 per 10 grams, up by Rs 20, while MCX Silver was trading Rs 67 higher at Rs 39,570 a kilo around 11 am.