Gold prices saw routine downside correction yesterday after five days of gain. Image: reuters Gold prices were trading firm on Friday, following international markets as a softer US dollar, falling Treasury yields and a dip in equities increased yellow metal’s safe-haven appeal. MCX gold June futures were trading Rs 76 or 0.16 per cent up
MCX
In the previous session gold had touched an eight week high as sagging dollar and weaker US Treasury yields lifted demand for the safe-haven metal. Gold prices were trading between gains and losses on Thursday in Indian markets. On MCX, gold June futures were trading marginally higher at Rs 48,260 per 10 gram, against the
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Gold and silver saw substantial gains with gold jumping to its highest in more than a month as yields dropped for U.S. 10-year Treasury notes to 1.56% Gold prices recovered in Indian markets on Friday, after closing above Rs 47,000 per 10 gram for the first time since February 23, 2021, in the previous session.
MCX gold was still down Rs 9,398 per 10 gram from a record high of Rs 56,191 hit in August last year. Image: Reuters Gold prices were trading higher in India on Thursday, following the international spot prices. On MCX, gold June futures were trading Rs 155 or 0.33 per cent up at Rs 46,763