Gold prices inches higher

Gold futures were trading with gains on Monday helped by a soft dollar ahead of the US Federal Reserve policy meeting this week and amid rising covid threat in India. Silver futures were flat.

The dollar index nursed losses against its rivals, making gold less expensive for other currency holders.

Gold futures on MCX were up 0.11 per cent or Rs 52 at Rs 47,584 per 10 grams. Silver futures dropped by 0.01 per cent or Rs 9 to Rs 68,665 per kg.

Capital Limited (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.

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