Gold, silver marginally up on MCX

Gold futures rose in afternoon trade after drifting lower in early trade, weighed by a strong dollar and negative global cues.

Gold felt the pressure after disappointing data from the US and jobless data in euro zone rose to a record high in March 2012, which strengthned the dollar against the euro and other major currencies.

MCX spot gold was rose to Rs 29,327 per 10 grams, while spot silver at Rs 55,415 per kg.

And, the metal for June contract 2012 delivery on the Multi Commodity Exchange (MCX) was trading at Rs 29,215 per 10 grams up Rs 22 or 0.08%. It touched an intraday low of Rs 29,114 per 10 grams at 2.45 pm IST.

Similarly, the metal for August contract 2012 was seen trading at Rs 29,581 per 10 grams up Rs 19 or 0.06%

While, Silver for delivery in May 2012 at the MCX, was trading at Rs 55,350 per kgs up Rs 203 or 0.37%

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