Gold prices rise on US-China tensions
An increase in friction between the US and China kept the yellow metal higher globally as well as in India on Wednesday.
The US on Tuesday imposed visa restrictions on certain Chinese officials for the detention of Muslim minorities in China, which added to the tensions.
However, the high-level trade talks would still take place on Thursday and Friday.
MCX Gold Dec futures were trading 0.2% up at the Rs38,470/10g, while MCX Silver Dec futures were up 0.3% above Rs46,000/kg.
In the international markets, gold prices were steady on Wednesday. Markets are watching for clues on monetary easing by the US Federal Reserve.
The US on Tuesday imposed visa restrictions on certain Chinese officials for the detention of Muslim minorities in China, which added to the tensions.
However, the high-level trade talks would still take place on Thursday and Friday.
MCX Gold Dec futures were trading 0.2% up at the Rs38,470/10g, while MCX Silver Dec futures were up 0.3% above Rs46,000/kg.
In the international markets, gold prices were steady on Wednesday. Markets are watching for clues on monetary easing by the US Federal Reserve.
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