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Gold and silver futures wobble on weak cues and inflation worries
MCX gold August futures rose 0.3% to ₹1,40,718 per 10 grams, while MCX silver September futures fell 0.2% to ₹2,15,512 per kg around 9:05 am.
Gold and silver prices were volatile on the Multi Commodity Exchange on Friday morning, as investors weighed weak global signals and growing concerns about inflation, alongside bets around future US Fed rate moves, according to LiveMint Markets.
On the MCX, gold August futures were up 0.26% at ₹1,40,718 per 10 grams around 9:05 am.
Silver, in contrast, traded mixed, with MCX silver September futures down 0.23% at ₹2,15,512 per kg around the same time.
Latest closeGold $3,981.40 ▼1.6%|Silver $55.72 ▼2.4%
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