Gold, silver advances on MCX

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Gold, silver advances on MCX
Gold, silver advanced on Saturday as pushed by physical buying. Gold for June delivery opening at Rs 27,098 per 10 grams and was seen trading at Rs 27,193 per 10 grams higher by Rs 138 at 1.30 pm IST on the Multi Commodity Exchange.

International gold was seen at $ 1,462 an ounce. International gold fell on Friday as investors preferred to book profits, but market still posted its biggest weekly gain in three months.

While, silver for May delivery on MCX was trading at Rs 45,050 per kgs higher by Rs 245.

As per Kitco News Gold Survey, out of 24 participants. Fourteen see prices up, while eight see prices down, and two see prices moving sideways or are neutral.

Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.

Click to know more on spot gold rates in major metros.

Read more about: hold, futures
Story first published: Saturday, April 27, 2013, 13:46 [IST]
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