Gold prices climbed by ₹69 on Monday to trade at ₹47,354 per 10 gram in the futures trade on the Multi Commodity Exchange (MCX). The precious metal also gained ₹69 to trade at ₹46,408 per 10 gram in the national capital on Monday, keeping in line with firm global cues, according to HDFC Securities. "Gold prices edged higher amid a fall in the dollar and rising fears regarding Covid-19 variants," Motilal Oswal Financial Services vice-president Navneet Damani said. HDFC Securities senior analyst (commodities) Tapan Patel told PTI, "The decline in dollar index boosted buying in gold for the day." Spot gold was up 0.1% at $1,788.60 per ounce, its highest since June 18, when it had traded at $1,794.86, reported Reuters.

Source: Hindustan Times July 05, 2021 11:37 UTC