Geopolitical situation diffused, gold and silver slip into red
DSIJ Intelligence / 16 Aug 2017
With the geopolitical tension between the US and North Korea easing up a little, investors have returned to riskier trading.
With the geopolitical tension between the US and North Korea easing up a little, investors have returned to riskier trading. This has pushed gold and silver into the red during the morning hours of Wednesday.
MCX Gold was down 0.60% at Rs 28,906 per 10 gram at around 10.50 am (IST) while MCX Silver was down 1.89% at Rs 38,436 per 1 kg at around the same time. The holdings of SPDR Gold Trust increased 0.53% to 791.01 tons on Monday.
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