MCX-Commodity-TipsGold prices in India advanced for the second regular days on Wednesday, 9-October, on the MCX. Silver rates also witnessed a similar trend, with the MCX, silver futures went up by 0.77%

Gold prices in India advanced for the second regular days on Wednesday, 9-October, on the Multi Commodity Exchange (MCX).

Gold futures for December month were trading at Rs.38,472/- per ten grams of 22-CT, up by Rs.89 or 0.23% from the previous close. Get Commodity Tips by just clicking the link.

Also, Silver rates also witnessed a similar trend, with the MCX, silver futures went up by 0.77% or Rs.355 to Rs.46,229-per kilogram.

In the global markets, spot gold remained no change at USD1,505.46 per ounce. The spot gold stood above USD1,500 after rising nearly 1% in the previous session.

The Gold price remains strong in the international markets, since as investors await conclusions on the US-China trade discussion that are scheduled to be held on Thursday and Friday.

In the last Union Budget, the Govt increased import duty on precious metals from 10% to 12.5%.

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