GOLD PRICE RISES, INCHES ABOVE RS 45,000 MARK; SILVER RATES DROP

MCXBULLDEX remained positive in morning trade. Gold Prices bounced back on Thursday from three-week low hit in the previous session, as the U.S. dollar and Treasury yields eased, while President Joe Biden’s $2 trillion –plus jobs plan further supported the metal’s appeal as a hedge against inflation.

Gold futures on Multi Commodity Exchange (MCX) were up 0.48% at Rs 45151 per 10 grams. Silver futures dipped 0.05% to Rs 63782 per kg.

Base metals traded mixed. Nickel and Copper Apr future down by 0.35% each and Lead Apr future traded flat. Aluminium and Zinc Apr future traded higher by 0.54% and 0.09% receptively.