Gold, silver inches up on MCX

Gold and silver futures rose on Multi Commodity Exchange as as speculators created fresh positions amid uncertain global trend. Golbally dollar index fell and Asian bullion market also saw increase in physical demand.

MCX gold futures for June delivery opened at Rs 28,360 per 10 grams and touched a high of Rs 28,414 per 10 grams at 03.20 pm IST, the gold was seen trading at Rs 28,356per 10 grams up by Rs 27.

Back home, gold of 99.9 and 99.5 per cent purity rose by Rs 150 each to Rs 28,650 and Rs 28,510 per 10 grams, respectively

While, silver for May delivery rose marginally and was seen trading at 55,953 per kgs up by Rs 51.

Where as Spot gold was trading up at Rs 28,180 per 10 grams, silver down at Rs 55,660 per kgs.

Overseas spot gold was seen around US $1,644 a troy ounce.

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