Weak sentiment in the equity market amid trade war jitters increased the appeal of gold as safe-haven metal.
Gold prices rose in global markets as worries over US-China trade war lingered, curbing risk appetite and increasing the appeal of safe-haven metal.
Meanwhile, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell marginally to 756.18 tonnes on Tuesday from 756.42 tonnes on Monday, Reuters reported.
Silver also advanced on a hike in demand by industrial units and coin makers at spot markets.
Around 10:50 am, the MCX Gold traded at Rs 32,748 per 10 grams, up Rs 116, while MCX Silver traded Rs 36,838 a kilo, up Rs 103.