Gold Rate Today: Gold, silver trade in the green on firm global cues
NEW DELHI: Precious metals gold and silver were trading in the green in the morning trade on Monday, tracking firm global cues.
MCX Gold futures were trading 0.43 per cent, or Rs 132, higher at Rs 30,540 per 10 grams at 11 am (IST), while MCX Silver futures were up 0.37 per cent, or Rs 143, at Rs 38,465 per 1 kg at the same time.
Analysts said fresh positions by participants on the back of a firming trend in the global markets as the dollar eased amid fresh concerns of trade tensions between the United States and China, mainly led to rise in gold prices at futures trade.
Globally, gold prices surged after three consecutive sessions of falls as the dollar eased amid fresh concerns of trade tensions between the United States and China. Gold fell 1.7 per cent last week in its biggest weekly drop since the week ended December 8, 2017, but climbed 1.7 per cent in January-March in its third straight quarterly gain.
MCX Gold futures were trading 0.43 per cent, or Rs 132, higher at Rs 30,540 per 10 grams at 11 am (IST), while MCX Silver futures were up 0.37 per cent, or Rs 143, at Rs 38,465 per 1 kg at the same time.
Analysts said fresh positions by participants on the back of a firming trend in the global markets as the dollar eased amid fresh concerns of trade tensions between the United States and China, mainly led to rise in gold prices at futures trade.
Globally, gold prices surged after three consecutive sessions of falls as the dollar eased amid fresh concerns of trade tensions between the United States and China. Gold fell 1.7 per cent last week in its biggest weekly drop since the week ended December 8, 2017, but climbed 1.7 per cent in January-March in its third straight quarterly gain.