Commodities
Gold and Silver Soar on Safe-Haven Demand Despite Trump Ceasefire Plan
Gold and silver prices surged on Wednesday due to safe-haven demand, despite US President Donald Trump's announcement of a two-week ceasefire plan. On the Multi Commodity Exchange (MCX), gold futures for June 5 jumped by as much as Rs 3,688 or 2.45 per cent to an intraday high of Rs 1,53,977.
The yellow metal was trading at Rs 1,53,920, up Rs 3,631 or 2.42 per cent from the previous close. It touched an intraday low of Rs 1,53,301, a gain of 2 per cent from the previous close.
In contrast, silver futures for May 5 climbed nearly 6 per cent or Rs 13,422 to hit an intraday high of Rs 2,44,770. At the last count, the white metal was trading at Rs 2,44,297, up Rs 12,949 or 5.6 per cent.