Gold prices may trade higher today

Gold, Silver, prices may trade higher today

Gold Prices declined around 0.8 percent in yesterday’s trading session, touching an intra-day low of $1626/oz and closed at the level of $1654/oz. However, further decline was cushioned on account of escalating worries over Europe’s debt concerns after Moody’s cut Spain’s credit rating on Tuesday. On the MCX, Gold December contract slipped almost 1 percent and touched an intra-day low of Rs26, 273/10 gms yesterday.

Silver Spot silver gained around 1 percent on Tuesday on the back of choppy sentiments in the global financial markets which increased demand for silver. The white metal hit an intra-day high of $32.32/oz and ended its trading session above the level of $32/oz yesterday. MCX Silver December contract traded higher by 0.8 and touched an intra-day high of Rs53,450/kg on Tuesday....READ MORE

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