Gold futures traded higher on Tuesday between a sharp rise in Covit-19 cases, but consider US Treasury yields and consider further on optimism about the fastest economic recovery.
Treasury yields in the United States have been some higher after a successful three-year records contract before key data releases this year, including consumer price rises on Tuesday. The higher the agreement yields the higher the chance of having gold increases the cost, which pays no returns.
Gold futures on the Multi Commodity Exchange (MCX) rise 0.11%, or Rs 50, to Rs 46,469 per 10 grams. Friday futures added 0.21% or Rs 137 to Rs 66,265 per kg.
Gold on the market fell by Rs 57 to Rs 46,070 per 10 grams in the national capital on Monday. Silver also reduce by Rs 270 to Rs 66,043 per kg.