Spot gold prices traded higher by 0.5 percent on Tuesday and touched an intra-day high of $1747/oz.
However, sharp gains were capped due to strength in the US dollar in yesterday’s trading session. The yellow metal closed at the level of $1738/oz on Tuesday.
On the MCX, Gold February contract rose slightly around 0.1 percent yesterday and sharp gains were resisted due to appreciation in the Indian Rupee.
The yellow metal touched an intra-day high of Rs28,199/10 gms and closed at the level of Rs28,078/10 gms on Tuesday.
Silver
Spot silver prices declined almost 1 percent on Tuesday, taking cues from a stronger dollar coupled with downside in base metals.
The white metal touched an intra-day low of $32.93/oz and ended its trading session at $33.1/oz yesterday.
However, MCX Silver March contract dropped around 1 percent on Tuesday on account of a stronger Rupee.
Courtesy: Angel Commodities
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