Gold Rate Today: Gold, silver trade higher in morning deals

NEW DELHI: Gold and silver were trading in the green in late morning deals on Wednesday.

MCX Gold futures were up 0.15 per cent, or Rs 47 at Rs 31,257 per 10 grams at 11:26 am (IST), while MCX Silver futures were up 0.27 per cent, or Rs 108, at Rs 39,905 per 1 kg at the same time.

SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, said its holdings stood at 864.13 tonnes, remain unchanged from previous business day.

Holdings of the largest silver-backed exchange-traded-fund(ETF), New York’s iShares Silver Trust SLV, stood at 10054.63 tonnes, remain unchanged from previous business day.

Gold in 2018 will deliver its strongest annual price performance in five years, GFMS analysts forecast on Tuesday, as political uncertainty drives investment in bars and bullion-backed investment funds.

On the global front, gold prices slipped in early trade as the dollar regained ground, following US President Donald Trump’s decision to pull out of the Iran nuclear deal.