Commodity prices traded positively in morning session as bullion, base metals and energy commodities were traded higher.
Gold and Silver futures gained on Wednesday as US Treasury yields held close to one week low, with bullion shrugging off strength in the dollar following Federal Reserve Chairman Jerome Powell’s reassurance that inflation would not spiral out of control.
Gold Apr futures on Multi Commodity Exchange (MCX) were up 0.50 per cent at Rs 44867 per 10 grams. Silver futures gained 0.43 per cent to Rs 65250 per kg. Gold trades higher supported by correction in US bond yields, increased virus concerns, US-China tensions, Fed’s dovish stance and mixed economic data from major economies.