Gold trades higher
The gold prices rose higher on the Multi Commodity Exchange(MCX) in early trade even as uncertainty looms over the US policies formulated
by Donald Trump, the weaker dollar being one of the reasons behind the price
rise in the yellow metal.The gold prices rose higher on the Multi Commodity Exchange(MCX) in early trade even as uncertainty looms over the US policies formulated
by Donald Trump, the weaker dollar being one of the reasons behind the price
rise in the yellow metal .
In the morning session, gold was trading 0.16 per cent or Rs 44 up at Rs 28,397
per 10 gram; while silver was trading 0.05 per cent or Rs 19 up at Rs 41,451
per 1 kg.
The latest holdings of SPDR Gold Trust GLD stand at 799.07 tonnes, which
happens to be the world's largest gold backed exchange traded fund; whereas,
the latest holdings of New York's iShares Silver Trust SLV, the largest silver
backed ETF stand at 10444.47 tonnes.
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Nifty opened at 10,160 level, up by 13 points while Sensex opened at 32,467 level, up by 65 points.
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