Mumbai: Gold prices edged higher and reached a two-week high on Thursday. The weakening of the US dollar has supported the yellow metal.
On the Multi Commodity Exchange (MCX), gold futures were trading higher by 0.62% or Rs 330 at Rs 53,261 per 10 gram. Silver futures surged sharply by 2% or Rs 1,204 to Rs 64,665 per kg.
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In the international markets, price of spot gold rose 0.4% to $1,774.62 per ounce. This is the highest price since November 16. US gold futures climbed 1.6% to $1,788.70. Among other precious metals, silver edged up 0.2% to $22.24, platinum rose 0.7% to $1,040.13 and palladium gained 0.9% to $1,897.63.
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