Gold and silver costs witnessed a marginal hike on the Multi Commodity Trade (MCX) on Tuesday, with gold futures recording a rise of Rs 261 or 0.53 per cent and had been at Rs 49,049 per 10 grams.
Each the dear metals had been buying and selling on the upper aspect.
With the silver futures maturing on July 5, the worth stood at Rs 72,500 per kg, witnessing a hike of Rs 701 or 0.97 per cent on Tuesday. On Monday, the costs of valuable metals had touched a brand new excessive after observing a dip final week.
Whereas the gold charges stood at Rs 48,542 per 10 grams on Might 31, 2021, the silver charges had been Rs 71,611 per kg on the MCX.
Boosted by a weaker greenback and rising inflationary pressures, gold costs rose to a close to five-month excessive on Tuesday. The spot gold was up 0.2 per cent at $1,911.45 per ounce, after hitting its highest since Jan. eight at $1,914.26 earlier within the session.