Spot gold prices rose around 1 percent in yesterday’s trading session as upbeat unemployment claims data from the US helped send spot gold to a two-month high.
The yellow metal touched an intra-day high of $1760/oz and ended its trading session at the level of $1759/oz on Thursday.
On the MCX, Gold April contract rose around 0.3 percent on Thursday and sharp gains were capped on the back of appreciation in the Indian Rupee. The yellow metal touched an intra-day high of Rs28,244/10 gms and closed at Rs28,1553/10 gms yesterday.
Holdings in the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose nearly half a percent to 1,277.135 tonnes by 2nd February 2012, highest since 20th December.
Silver
Silver prices rose sharply by 1.8 percent on Thursday, taking cues from rise in gold prices. The white metal touched an intra-day high of $34.39/oz and ended its trading session above the level of $34/oz yesterday.
MCX Silver March contract rose slightly around 0.3 percent on Thursday, as appreciation in the Indian Rupee capped sharp gains on the domestic bourses.
The white metal touched and intra-day high of Rs57,381 and closed at Rs57,023/kg yesterday.
Courtesy: Angel Commodities
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