Multi Commodity Exchange (MCX) open for trade at 1 pm on Tuesday (February 13) instead of 10 am due to technical glitches. Gold futures, maturing at April 5, 2024, were up by 0.28 per cent to trade at Rs 62,250 per 10 grams on the MCX while Silver futures, maturing at 5 March, witnessed a hike of 0.51 per cent to trade at Rs 71,369 per kg. Precious metal reported a record hike on the MCX on Monday (February 12). Gold futures, maturing at April 5, 2024, were up by 0.02 per cent, or Rs 12 and traded at Rs 62,090 per 10 grams on the MCX. The precious metal closed at Rs 62,078 in the last session. Silver futures, maturing at 5 March, on the other hand, witnessed a hike of 0.06 per cent or Rs 40 and traded at Rs 71,049 per kg on the MCX. It closed at Rs 70,009 in the last session. International Gold prices traded in a tight range in the last session as investors refrained from taking bigger bets ahead of US inflation data. This data will be key for rate decision by US Federal Reserve. As per Reuters poll, Wall Street economists expect the year-on-year CPI to rise 2.9 per cent, down from 3.4 per cent in the previous month. Spot Gold dropped 0.80 points, or 0.05 per cent at 2,032.10 while Spot Silver dropped 0.007 points, or 0.03 per cent at 22.76. Spot platinum was flat at $888.88 per ounce, palladium rose 0.3 per cent to $894.38, Bitcoin hit the $50,000 level for the first time since December 2021. Bitcoin was last up 5.6 per cent at $50,207. – with inputs from Reuters
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