The yellow metal had hit a high of Rs 55,600 earlier this month amid the Ukraine crisis.
The price of gold remained flat in the international market today.
Gold in the domestic market today (Gold Price) prices have risen for the second consecutive day today. On Thursday, on the Multi Commodity Exchange, the price of April futures gold has risen by 0.14 percent. However, silver (Silver Price) has lost its lead. In early trade, the price of May futures silver had risen by 0.15 per cent, but after that silver declined. At present, the futures price of silver on MCX has fallen by 0.12 percent. In the previous session, gold rose 0.8 per cent while silver rose nearly 0.9 per cent. The yellow metal had hit a high of Rs 55,600 earlier this month amid the Ukraine crisis.
Gold was trading steady at $1,943.75 an ounce in global markets today, while oil prices rose again on news of US President Joe Biden and other European leaders imposing new sanctions against Russia. Spot silver rose 0.1 per cent to $25.08 an ounce, while platinum fell 0.3 per cent to $1,016.99.
US President Joe Biden has arrived in Brussels for meetings of the NATO coalition on the Ukraine conflict that began on February 24. Gold and silver prices rose marginally due to sharp rise in crude oil prices and weak stocks. The Russo-Ukraine war continues but not much has changed recently from a market perspective. President Biden met with leaders of NATO and the European Union on Thursday to discuss Russia’s invasion of Ukraine.
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