New Delhi: Gold futures touched ancient ranges at the the Multi-Commodity Trade (MCX) through crossing Rs 49,000 in step with 10 grams whilst Silver costs reached above Rs 50,500 in step with kg.
At 3.42 pm At the Multi-Commodity Trade (MCX), August gold contracts had been buying and selling 0.33 p.c at Rs 48960.00 in step with 10 gram. September futures for silver had been buying and selling 0.78 p.c at Rs 50,596 in step with kg.
Gold has given bumper go back of 42 p.c in a yr. Recent positions constructed up through individuals on spot call for basically resulted in upward push within the valuable yellow steel.
In commodities, gold breached $1,800 an oz. for the primary time since 2011 as traders most popular safe-haven belongings. Spot gold used to be 0.4% more potent at 1,802.Four in step with ounce.
Brent crude futures fell 0.1%, to $43.03 a barrel. U.S. West Texas Intermediate (WTI) crude futures slipped 0.3%, to $40.50 a barrel.