Gold prices rise on MCX tracking global rally
The price of gold went up on MCX on Wednesday with gold for June 5 delivery traded 0.44 per cent higher at Rs 71,652 per 10 grams at around 11:30 a.m.
The price of gold went up on MCX on Wednesday with gold for June 5 delivery traded 0.44 per cent higher at Rs 71,652 per 10 grams at around 11:30 a.m.
In the women's Individual compound event, Jyothi Surekha Vennam beat compatriot and the reigning archery world champion, Aditi Gopichand Swami, to progress to the gold medal match
Earlier in the day, Korea defeated China 3-0 to win the gold medal in the women’s team event. The Indian women’s team ended its Hangzhou campaign in the quarter-finals after losing to Thailand earlier in the week.
Indian long-distance runners Kartik Kumar and Gulveer Singh bagged the silver and bronze medals respectively in the men’s 10000m race
India opened their campaign with two medals (A gold and a Silver) on the opening day of the World Para…
Besides the rise in demand from local jewellers, sentiment remained upbeat due to the trade tensions between the US and China ahead of crucial talks between the countries, boosting gold's safe-haven appeal.
Silver also surged Rs 250 to Rs 38,700 per kg on increased off take by industrial units and coin makers.
Traders said gold edged up in sync with a firming global trend where prices of the metal rose Friday to a one-week high as the dollar weakened on receding fears of a full-blown China-US trade war.
Traders said gold rose on increased buying by local jewellers to meet the ongoing festive season demand and a firm global trend.
Silver followed suit and slipped by Rs 230 to Rs 39,200 per kg due to reduced offtake by industrial units and coin makers.
