Gold and silver trade flat

New Delhi-India (Sept 15)  Gold and silver traded flat in the early morning trade on Friday amid lacklustre demand for the precious metals from domestic jewellers, industries and retailers.

 

MCX Gold was 0.06% down at Rs 29,992 around 1025 hours, while MCX Silver was down 0.04% at Rs 41,122 per 1 kg. There may be upside move in the safe haven assets on the account of geopolitical uncertainty after a fresh missile fire by North Korea. The rogue country launched an unidentified missile that flew over Japan before landing 2,000 km east of Hokkaido.

 

 As per latest data, holdings of the largest gold-backed ETF, New York’s SPDR Gold Trust, rose 0.35% on Tuesday.s

 

 Meanwhile, BSE Sensex was trading at 32,143, down by 99 points and Nifty was trading at 10,045, down by 41 points in early morning trade on Friday. The Indian capital markets lost their six-session winning streak amid rise in geopolitical tensions due to the North Korean crisis.

HFL