Gold and silver get some additional glitter
DSIJ Intelligence / 09 Aug 2017
Gold and silver were trading higher on Wednesday’s intra-day trade amid rising tensions between the US and North Korea.
Gold and silver were trading higher on Wednesday’s intra-day trade amid rising tensions between the US and North Korea. Demand from traders and investors further supported the precious metal prices on Wednesday.
MCX Gold was up 0.67 %, or Rs 191, at Rs 28,570 per 10 gram while MCX Silver was up 0.81%, or Rs 304, at Rs 37,803 per 1 kg. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell a slight 0.03% to 786.87 tons on Wednesday, the lowest since March 2016.
Holdings of the largest silver-backed exchange-traded fund (ETF), New York’s iShares Silver Trust SLV, stood at 10,530.59 tons, down 32.34 tons from Tuesday’s trade. Platinum gained 0.7% to USD 973.40 per ounce after hitting its highest since April 21 in the previous session. Palladium fell 0.2% to USD 895.30 per ounce.
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