Gold Live News
Gold edged up on Wednesday as recent stimulus measures by central banks supported bullion's appeal as a hedge against inflation, although a firm dollar and a shift in investor focus to the euro zone debt crisis capped gains.
Moves by the European Central Bank and the Federal Reserve to ease monetary policy propelled gold to a 6-1/2-month high near $1,790 an ounce last week, but failed to send it above the key $1,800 level as investors looked for fresh stimulant.
Spot gold inched up 0.2 percent to $1,763.36 an ounce by 0353 GMT. U.S. gold traded nearly flat at $1,766.
Beyond the immediate consolidation, gold is expected to draw more interest as investors seek a hedge against loose monetary policies that create a low interest rate environment and raise inflation outlook.
Silver Live Updates
Silver prices rose by Rs 176 to Rs 64,188 per kg in futures trading today on increased buying by speculators on higher global trend.
At the Multi Commodity Exchange, silver for delivery in March rose by Rs 176, or 0.27 per cent, to Rs 64,188 per kg, with a business turnover of 58 lots.
Likewise, the white metal for December delivery traded higher by Rs 162, or 0.26 per cent, to Rs 62,476 per kg, with a business turnover of 2,223 lots.Silver
Gold edged up on Wednesday as recent stimulus measures by central banks supported bullion's appeal as a hedge against inflation, although a firm dollar and a shift in investor focus to the euro zone debt crisis capped gains.
Moves by the European Central Bank and the Federal Reserve to ease monetary policy propelled gold to a 6-1/2-month high near $1,790 an ounce last week, but failed to send it above the key $1,800 level as investors looked for fresh stimulant.
Spot gold inched up 0.2 percent to $1,763.36 an ounce by 0353 GMT. U.S. gold traded nearly flat at $1,766.
Beyond the immediate consolidation, gold is expected to draw more interest as investors seek a hedge against loose monetary policies that create a low interest rate environment and raise inflation outlook.
Silver Live Updates
Silver prices rose by Rs 176 to Rs 64,188 per kg in futures trading today on increased buying by speculators on higher global trend.
At the Multi Commodity Exchange, silver for delivery in March rose by Rs 176, or 0.27 per cent, to Rs 64,188 per kg, with a business turnover of 58 lots.
Likewise, the white metal for December delivery traded higher by Rs 162, or 0.26 per cent, to Rs 62,476 per kg, with a business turnover of 2,223 lots.Silver