Gold
traded upper on the Multi Commodity Exchange (MCX) on today fresh buying by
investors, jewellers and retailers. The yellow metal was trading 0.15 % higher
at Rs 28,471 per 10 gram in early trade.
Italian
Prime Minister Matteo Renzi : Market experts believe jitters over the resignation
of Italian prime minister after an adverse vote in Sunday’s constitutional
referendum induced safe-haven buying.
Silver traded 0.13 % losing at Rs 40,276 per 1 kilogram on MCS due to reduced off take from industrial units and coin makers.
Silver traded 0.13 % losing at Rs 40,276 per 1 kilogram on MCS due to reduced off take from industrial units and coin makers.
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As reported
to Nirmal Bang Commodities, gold prices will not trade lower for the day even
though the $ increases on assumptions that the US Federal Reserve will raise
interest rates at its meeting next week.
SPDR
Gold hope GLD, the world's largest gold-backed exchange-traded fund, on
Wednesday said its holdings stood at 883.86 tonnes, which was downward by 1.18
tonnes from the previous day’s close.
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