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West Asia tensions: Gold holds firm while silver gains on strong buying interest

Gold prices remained stable on Wednesday as improving chances of reduced tensions between the United States and Iran kept investor activity balanced. While gold showed limited movement, silver prices recorded stronger gains

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Gold stable despite global uncertainty, silver shines. Representational Image

Gold stable despite global uncertainty, silver shines. Representational Image

Gold prices showed little change on Wednesday, reflecting a cautious mood in the market. In Mumbai, the price of 24 karat gold (99.9 per cent purity) stood at Rs 15,535 per gram.

In futures trading, MCX gold for May delivery rose slightly by 0.02 per cent, reaching Rs 1,53,305 per 10 grams during early trade. In the previous session, gold had ended almost flat at Rs 1,53,216 per 10 grams, indicating a lack of strong momentum.

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