Despite conflicting global cues, gold is trading higher on Wednesday, while the silver is down 0.11%. Gold April futures were selling at Rs57,170 per 10 grams on the Multi Commodity Exchange, up Rs215 or 0.38%.
On the MCX, silver March futures were selling at Rs67,324 per kilogram, down Rs75.
Even if last week’s U.S. jobs statistics indicated a tighter labour market, the yellow metal prices edged up globally on Wednesday as the dollar weakened due to comments from Fed Chair Powell’s less aggressive posture.
At $1,876.14, spot gold was up 0.1% an ounce. U.S. gold futures increased by 0.2% to $1887.90
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