Gold, Silver Trade Higher in Early Trade

Gold, silver trade higher in early tradeGold prices were trading higher in early deal on Wednesday after North Korea tested inter-continental ballistic missile, sending jitters across the neighboring locality.

MCX Gold futures were trading 0.15%, up at Rs 29,437 per 10 gram today, while MCX Silver futures were trading 0.25%, or Rs 98, up at Rs 38,717 per 1 kilogram during morning hours.

As per commodity experts, gold can move in range of Rs 29,300 to 29,500 per 10 gram, on the other hand, Silver can move in range of Rs 38,200 to 38,850 in near term.

North Korea announced on Wednesday that it has tested a new type of inter- continental ballistic missile (ICBM) that could reach the entire main land of United States.

Meanwhile, the domestic equity market was trading marginally in the green in the morning deals. The NSE Nifty index was up 9.10 points, or 0.09 per cent, at 10,379, while the BSE Sensex was up 27.23 points, or 0.07 per cent, up at 33,642 at around 11 am (IST).

In COMEX division of New York Mercantile, Gold futures for December delivery settled up by 0.04%, at USD 1,294.90 per ounce, while spot gold was down 0.1% to USD 1,292.70 an ounce.