Forex
Gold Falters Amid Fed Rate Hopes, Silver Extends Winning Streak
Gold and silver prices traded mixed on Thursday morning in India amid hopes that the US Federal Reserve may not raise interest rates soon.
The Multi Commodity Exchange (MCX) saw gold futures opening at Rs 1,43,882 per 10 grams, down Rs 548 or 0.37% from the previous close of Rs 1,44,430.
Gold touched an intraday low of Rs 1,43,771, down 0.45% or Rs 659, but also reached a high of Rs 1,44,448 during the session.
Silver futures outperformed gold, jumping as much as 0.84% or nearly Rs 2,000 to Rs 2,32,339 per kg, its intraday high so far.