Gold prices touched a high of more than six years on Wednesday, thanks to the heightened worries regarding the ongoing trade dispute between China and the United States.
Gold futures jumped above $1,500/ounce on strong demand for the safe haven as global growth skids and central banks ease their monetary policy.
The precious metal rose as much as 1.2% to $1,502.30/ ounce on the Comex, the highest level since 2013. This year, the preicious metal rose 17% so far.
MCX Oct-4 Futures are trading higher by 0.54% at Rs37,699/10gms.
Silver Sep-5 Futures are also up 1.3% at Rs43,055/kg.