NEW DELHI:
Gold prices climbed in futures trade on Thursday, supported by the weakness of
rupee against the US dollar and bearish sentiment in equity market.
An uptick in demand for yellow metal by jewellers at spot markets also gave a leg up to the metal.
However, tepid global trend capped the gains for gold.
In the global markets, gold prices held steady ahead of Sino-US trade negotiations, while demand for government bonds and
Japanese yen and a key technical resistance limited gains for the safe-haven metal,
Reuters reported.
Silver prices, on the other hand, were fluctuating between gains and losses amid muted demand by industrial units and coin makers.
The MCX Gold was trading at Rs 31,734 per 10 grams, up by Rs 49, while MCX Silver was trading at Rs 37,420 a kilo, up by Rs 18 around 11:20 am.