New Delhi: Gold prices have been buying and selling flat with a damaging bias within the Multi Commodity Exchange (MCX) on Tuesday, regardless of worldwide spot buying and selling at a 3 week excessive. However, silver futures for July supply was buying and selling within the constructive zone.
In MCX, Gold futures for June supply opened at Rs 48,419 per 10 grams as towards its earlier shut of Rs 48,474. Silver futures for June supply opened at Rs 73,755 per kg as towards the earlier shut of Rs 73,324.
In the worldwide market, Gold prices on Tuesday rose to their highest in additional than three months as a weaker U.S. greenback and rising inflationary stress lifted bullion`s attraction as an inflation hedge. Spot gold was up 0.2% at $1,868.89 per ounce by 0101 GMT, after hitting its highest since Feb. 1 in early Asian trade. Â U.S. gold futures rose 0.1% to $1,869.40 per ounce, a Reuters report stated.
Gold within the nationwide capital on Monday rose by Rs 348 to Rs 47,547 per 10 gram following a powerful world development. In the earlier trade, the dear metallic had closed at Rs 47,199 per 10 gram.
Silver additionally zoomed Rs 936 to Rs 71,310 per kilogram from Rs 70,374 per kilogram within the earlier trade.
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