Today, while gold is trading on the higher side of the Multi Commodity Exchange (MCX), silver has recorded a marginal dip. Witnessing a hike of Rs 103 or 0.22 per cent, gold futures, maturing on December 3, 2021, are trading at Rs 46,861 per 10 grams on the MCX.

Meanwhile, recording a downfall of Rs 151 or 0.25 per cent, silver futures, maturing on December 3, 2021, stand at Rs 60,991 per kg.

Yesterday, while gold stood at Rs 46,851 per 10 grams on the MCX, recording a dip of Rs 63 or 0.13 per cent, silver was trading at Rs 61,054 per kg, with a hike.

Gold and silver prices in international market

According to Reuters, gold prices edged higher on Friday but were stuck in a narrow range, as investors sought more direction from the U.S. non-farm payrolls report, considered key to the U.S. Federal Reserve’s stimulus taper schedule.

Meanwhile, spot gold rose 0.2 per cent to $1,759.34 per ounce by 0320 GMT, trading in the range of $1,760.43-$1,752.27. U.S. gold futures were flat at $1,760.10.

Gold was finding support in Asia as local investors bought the precious metal to hedge for non-farm payrolls and weekend event risk, Jeffrey Halley, senior market analyst for Asia-Pacific at OANDA said, adding “gold’s fate will be determined by the non-farm payrolls print tonight.”

The dollar index held steady below recent highs. A stronger dollar makes gold more expensive for other currency holders. Meanwhile, the U.S. 10-year Treasury yield rose to its highest since June.