Gold rates in India hit new high today, tracking global rates. Gold rose 0.4 percent on MCX in the domestic futures market. Silver jumped 0.5 percent to reach 57050 per 10 grams. 68301 per kg.
Spot gold rose 0.2% to $1,935.69 an ounce in global markets, supported by a weak US dollar. Investors await US fourth quarter GDP growth estimates later this week. Among other precious metals, spot silver rose 0.4 per cent to $23.54 an ounce.
The US dollar has softened in recent weeks on rising bets of a lower rate hike. A weaker greenback makes dollar-denominated bullion more affordable for many buyers.
Know your inner investor
Do you have guts of steel or are you a victim of insomnia regarding your investments? Let’s define your investment approach.
catch all commodity news And updates on Live Mint. download mint news app to get daily market update & stay business News,