MUMBAI, April 22: Gold and silver prices showed positive momentum on Wednesday over an extension of the ceasefire between the US and Iran, with both precious metals rising up to 2 per cent.
On the Multi Commodity Exchange (MCX), gold contracts for June 5 hit an intra-day high of Rs 1,53,699 per 10 grams, up 1.33 per cent or Rs 2,028. During the session, gold touched a low of Rs 1,53,052 and was last trading at Rs 1,53,593, up Rs 1,922 or 1.27 per cent.
Silver contracts for May 5 rose over 2 per cent, or about Rs 6,000, to Rs 2,50,698 per kg. The metal hit an intraday low of Rs 2,48,388.
In international markets, both metals were trading higher. Gold on COMEX was up 1.13 per cent at USD 4,773.21 per ounce, while silver gained 1.97 per cent to $77.99 per ounce.
Market experts said that despite the recent gains, both metals remain range-bound with a cautious bias.
The rise in gold and silver prices was attributed to increasing global uncertainty. (IANS)
