 "Gold opens tad higher on global cues")
Don't want to miss the best from Business Standard?
Gold opened tad higher today tracking global cues but gains were capped as the rupee was trading stronger against the dollar.
Near month contract of gold on Multi Commodity Exchange was trading at Rs 29,273 per 10 grams. On international markets, gold is trading above $1,300 per ounce, and is currently at $1,306. The last time gold was above $1,300 was in early November.
Analysts say that technically $1,270 per ounce was a strong resistance level for gold, which was broken last night and caused the yellow metal to rally. Also, weak US retail sales data caused investors to rush to gold as a safe haven asset.
Silver on the other hand opened much higher and is currently trading at Rs 45,469 per kilogram, up by 1.22%.
Near month contract of gold on Multi Commodity Exchange was trading at Rs 29,273 per 10 grams. On international markets, gold is trading above $1,300 per ounce, and is currently at $1,306. The last time gold was above $1,300 was in early November.
Analysts say that technically $1,270 per ounce was a strong resistance level for gold, which was broken last night and caused the yellow metal to rally. Also, weak US retail sales data caused investors to rush to gold as a safe haven asset.
Silver on the other hand opened much higher and is currently trading at Rs 45,469 per kilogram, up by 1.22%.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%