Gold, Silver Gain As Crude Prices And Bond Yields Ease
Mumbai: Gold and silver prices traded higher on Wednesday with precious metals gaining up to almost 1 per cent in early trade supported by easing crude oil prices and bond yields. On the Multi Commodity Exchange (MCX), gold futures (October) opened at Rs 1,63,202 per 10 grams, up Rs 320 from its previous close of Rs 1,62,882. At around 12:15 am, the yellow metal was trading at Rs 1,62,395 per 10…
Gold and silver prices gained on Wednesday, up almost 1 percent in early trade, as easing crude oil prices and lower bond yields supported precious metals. On the Multi Commodity Exchange (MCX), gold futures opened at Rs 1,63,202 per 10 grams, up Rs 320 from the previous close, while silver futures opened at Rs 2,45,583 per kg, up Rs 1,456 from its previous close.
Market experts attribute the gains to a weaker dollar and easing concerns over oil supply disruptions due to reports of discussions between Oman and Iran to reopen the Strait of Hormuz.
Brief written by urgent.news from Free Press Journal's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
