Gold Price Today: Gold Trades Higher, Buy For Target 48,000

Gold Price Today: India Gold MCX August Futures trade higher on Friday tracking positive trend in the international spot prices, which were up on a slight pullback in the US Dollar that made bullion less expensive for other currency holders.

Gold Price Today

A drop in the US Treasury yields also offered support to the safe-haven metal, said a Reuters report. Spot gold was steady at $1,800.85 per ounce. Prices have risen 0.8% so far this week.

On the Multi-Commodity Exchange (MCX), August gold contracts were trading 0.32 percent higher at Rs 47,875 for 10 grams at 0930 hours. September silver futures were trading 0.20 percent lower at Rs 68,827 a kilogram.

Gold and silver showed extreme volatility on Thursday in the international markets amid volatility in the dollar index. Both the precious metals settled on a weaker note in the international markets.

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