GOLD SURGES ABOVE RS 45,000, SILVER JUMPS OVER 1%

Gold, Silver prices today surged in India following global trend after the U.S. Federal Reserve kept the interest rate unchanged and reiterated its stance to keep benchmark rates near –zero though at least 2023.

On the Multi Commodity Exchange (MCX), Gold April futures were up 0.93% at Rs 45256 as compared to previous closing value of Rs 44840. Silver May futures were up 1.50% at Rs 68238 as compared to its previous closing value of Rs 67250.

Base metals complex traded lower as all the commodities were traded negatively. Zinc and Aluminium futures were trading over half per cent down. Copper and Lead futures were trading down by 0.46% and 0.37% respectively.