Gold Price Hike- MCX gold hits 13-month high on geopolitical tensions; silver rises too

Gold Price Hike, Gold Price Outlook, Gold Price Forecast: Gold prices in India were trading at a 13-month high level on Tuesday, taking cues from international markets as Russia-Ukraine tensions escalated. On Multi Commodity Exchange, gold April futures were trading Rs 361 or 0.7 per cent up at Rs 50439 per 10 gram. Silver March futures were ruling at Rs 64,744, rising Rs 761 or 1.20 per cent from last close. Globally, yellow metal prices hit a near nine month-high after Russia ordered troops into breakaway regions of eastern Ukraine, boosting demand for the safe-haven metal, according to Reuters. Spot gold was up 0.2% at $1,909.54 per ounce, and US gold futures gained 0.7% to $1,913.60.

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