Gold and silver prices gained on Tuesday as hostilities between the United States and China rose, forcing investors to seek refuge in the safe-haven metal.
Gold June futures on the Multi Commodity Exchange (MCX) were up 0.28% or Rs 132 at Rs 47,105 per 10 grams. Silver futures were trading 1.39% higher or Rs 670 to Rs 48,927 per kg.
International gold ticked higher on Tuesday as brewing Sino-US tensions over Hong Kong lifted demand for the safe-haven metal, though easing coronavirus-induced lockdown restrictions supported equities and capped bullion’s gains.
Spot gold rose 0.2% to $1,732.38 per ounce by 0241 GMT. US gold futures were down 0.1% to $1,733.50.