Gold Rate Today: Yellow metal rises above Rs 77,700/10 grams amid China’s stimulus pledge; Silver at Rs 95,330kg
As of 10:05 am, February gold futures were trading at Rs 77,726 per 10 grams on the MCX, up by Rs 240 or 0.31% from the previous session's closing price. Meanwhile, March silver futures were at Rs 95,330 per kg, rising by 133 or 0.14%.
Spot gold had gained 0.4% to $2,669.84 per ounce, as of 0248 GMT. U.S. gold futures rose 0.3% at $2,692.50.
Gold hit a two-week high on Monday, supported by China's central bank resuming purchases after a six-month hiatus.
«Gold and silver posted solid gains with bullion prices hitting 2-week highs and silver prices scaling 4-week highs in the international markets. Gold and silver gained on the back of its safe-haven appeal amid renewed geopolitical tensions in the Middle East, as well as China' resuming gold purchases after a short hiatus,» said Rahul Kalantri, VP Commodities, Mehta Equities.
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