Geopolitical disturbances make gold and silver shine
DSIJ Intelligence / 10 Aug 2017
The increasing tension between the US and North Korea has kept the price of gold on a high on Thursday. MCX Gold was trading higher by 0.43% at Rs 28,968 per 10 gram at around 1134 hours.
The increasing tension between the US and North Korea has kept the price of gold on a high on Thursday. MCX Gold was trading higher by 0.43% at Rs 28,968 per 10 gram at around 1134 hours.
White metal silver was also trading in the green zone at the same time. MCX Silver was higher by 0.76% at Rs 38,885 per 1 kg.
The SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, dropped 0.03% to 786.87 tons on Monday, 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 by 32.34 tons, from the last business day.
Domestic equity market BSE Sensex was trading down by 107 points at the 31,690 levels while Nifty was trading low by 26.90 points at the 9,876 levels at 1153 hours.
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