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Gold futures rose on MCX, driven by a weaker US dollar and ahead of this week's US inflation data. June gold futures were up Rs 198 ($2.64), or 0.33%, at Rs 60,826 ($808.55) per 10 grams at midday, with silver futures for July trading at Rs 77,172 per kg, up Rs 125, or 0.16%. Domestic bullion prices are expected to be influenced by international events this week, including US inflation, consumer sentiment and UK monetary policy. Gold has support at Rs 60,000 and July futures for silver have support at Rs 74,000.
Gold futures rose on MCX, driven by a weaker US dollar and ahead of this week's US inflation data. June gold futures were up Rs 198 ($2.64), or 0.33%, at Rs 60,826 ($808.55) per 10 grams at midday, with silver futures for July trading at Rs 77,172 per kg, up Rs 125, or 0.16%. Domestic bullion prices are expected to be influenced by international events this week, including US inflation, consumer sentiment and UK monetary policy. Gold has support at Rs 60,000 and July futures for silver have support at Rs 74,000.