Gold prices rose around 1.2 percent on Wednesday touching a one-month high of $1726/oz and ended its session at $1723/oz.
However, further gains were resisted due to rise in risk appetite in the global financial markets. On the MCX, Gold December contract gained around 0.8 percent and touched an intra-day high of Rs27, 610/10 gms yesterday.
Holdings in the SPDR Gold Trust, world's largest gold-backed exchange-traded-fund (ETF), stood unchanged from the previous session at 1,244.156 tonnes by 26th October 2011.
Taking cues from rise in gold prices and upside in copper, spot silver also traded higher by 0.6 percent in yesterday’s trading session. The white metal touched an intra-day high of $33.93/oz and ended its trading session at $33.40/oz on Wednesday. MCX Silver December contract gained around 1.2 percent and touched an intra-day high of Rs.55,996/kg yesterday.
Holdings in the iShares Silver Trust, the world's largest silver backed exchange-traded fund, declined around 1.6 percent to 9,734.81 tonnes by till 26th October from the previous 9893.73 tonnes on 19th October 2011.
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Precious Metals Edges Higher on Global Cues
Published 10/27/2011, 09:56 AM
Updated 05/14/2017, 06:45 AM
Precious Metals Edges Higher on Global Cues
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