Gold, Silver Trade Higher on MCX

Gold futures rose on the Multi Commodity Exchange amid mixed global cues, international gold was seen steady near $1,205 an ounce, supported by rise in oil prices. However, strong dollar weighed on the gold sentiment.

Gold sentiment has suffered this year due to anticipations that the Federal Reserve will tighten policy and hike the interest rate which will dampen the gold sentiment.

Gold futures for December 2014 contract, at MCX, was trading at Rs. 26,342 per 10 grams, up by 0.59 per cent, after opening at Rs. 25,697. It touched an intra-day high of Rs 26,388.

Gold futures for February delivery was seen trading at Rs 26,636 per 10 grams. higher by Rs 144. It touched an intra-day high of Rs 26,748 per 10 grams. Check gold rates here.

Silver futures for December 2014 contract, at MCX, was trading at Rs. 36,255per kg, up by 0.27 per cent, after opening at Rs. 35,212. It touched an intra-day high of Rs 36,456. Check silver rates here.

GoodReturns.in