MCX GOLD - DECEMBER
Spot Gold prices gained around 0.6 percent on Thursday mainly on account of dollar weakness. However, rise in risk appetite in the financial markets resisted further gains in gold.
The yellow metal touched an intra-day high of $1654/oz and closed yesterday’s trading session at $1649/oz yesterday. MCX Gold December contract rose almost 0.5 percent and touched an intra-day high of Rs26, 600/10 gms on Thursday.
MCX SILVER - DECEMBER
Spot Silver prices surged almost 5 percent on Thursday, taking cues from rise in gold prices coupled with a weaker dollar. Silver being an industrial metal also took cues from upside in base metals yesterday.
The white metal touched an intra-day high of $32.17/oz and closed its trade at $31.90/oz. MCX Silver December contract rose around 4 percent and touched an intra-day high of Rs53,488/kg yesterday.
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