On MCX, October gold futures climbed 1.67% to an all-time high of Rs 54,612 per 10 gram. Siver futures also jumped 6.41% to Rs 69,962 per kg on Wednesday.
has decided to accept gold and silver bars refined at domestic refineries for deliveries, subject to final regulatory approval. MCX
received the approval of Sebi
for the launch of Gold Mini options with Gold Mini (100 grams) bar as underlying, MCX
said in a statement.
"Spot gold prices for 24 carat in Delhi were trading up by Rs 97 with rupee depreciation," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
The rupee pared some of its initial losses and settled 3 paise down at 75.04 (provisional) against the US dollar on Tuesday.
In international market, gold surged to a record high on Tuesday after Democrats and the White House
appeared closer to agreement on new stimulus to help the coronavirus-hit economy and a broad swath of Wall Street edged up as investors awaited more aid from Washington.
Gold surged to the psychologically important level of $2,000 an ounce after the US Senate's top Democrat said a new round of coronavirus
relief was moving in the right direction, though the two sides remain far apart.
Spot gold prices rose $18.5543, or 0.94%, to $1,995.25 an ounce. Earlier, spot gold was bid at $2,000.11 an ounce.
Bullion has soared more than 30% so far this year, supported by lower interest rates and safe-haven buying on concerns Federal Reserve policy and government stimulus are debasing the currency.
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