Gold Price Today: Yellow metal prices saw marginal rise on Wednesday
After remaining low for the past few days, gold prices on Wednesday witnessed a spurt, as on the MCX, gold August futures were trading at Rs 49,155 per 10 gram. Silver July futures also were up at Rs 71,366 per kg.
The jump in gold prices, though marginal, was mainly due to a fall in US bond yields which were helped by yellow metal prices. Also with the US inflation data to be announced this week, investors across the globe have been quite conservative as far as making long term bets are concerned.