Gold prices in India rose higher today, tracking a similar global trend. Gold futures on MCX rose 0.3% to ₹38,439 per 10 grams, also supported by a weaker rupee. A rebound in global rates helped domestic gold prices to recover from last week lows of ₹36,771, the lowest since August 13. Silver also followed a similar trend in domestic markets. On MCX, silver futures rose 0.26% to ₹45,499 per kg. In global markets, gold prices edged 0.3% higher to to $1,508.23 per ounce.
Uncertainty over a breakthrough in trade talks between US and China lent some support to gold prices. The next round of US-China trade negotiations is likely to be held later this week.
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