Gold Prices Today: Precious Yellow Metal Price Remains Volatile

Gold Price Today: Gold price rose on Wednesday, recouping some of the ground it lost a day earlier, as doubts regarding the US stimulus package dragged down Asian equities and US stock futures, reported Reuters. Spot gold was up 0.5 percent at $1,657.29 per ounce by 0054 GMT, having fallen about 2 percent in the previous session on hopes for global stimulus measures to shield the world economy from the effects of the fast-spreading coronavirus.

US gold futures slipped 0.08 percent to $1,659 per ounce.

The rupee opened gained in the early trade on Wednesday. It opened higher by 27 paise at 73.81 per dollar on Wednesday versus the previous close of 74.08.

Meanwhile, silver futures traded 0.73 percent higher at Rs 46,460 per kg. The prices opened at Rs 46,155 as compared to the previous close of Rs 46,122 per kg.