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Taking cues from the price of yellow metal in the international market, MCX February gold futures were trading at Rs 62,525 per 10 grams in the opening trade, up by Rs 49 or 0.08%. Meanwhile, the March Silver futures were trading at Rs 75,008 per kg, higher by Rs 184 or 25%.
The dollar index (DXY) was down $0.01 or 0.01% against a basket of six top currencies and hovering around 102.56. The DXY has fallen nearly 1.26% in the past five sessions.
On Comex, Gold futures were trading at $2,036 per troy ounce, up $0.30 or 0.01% while Silver futures were trading at $24.220, higher by $0.066 or 0.270%.
Taking cues from the price of yellow metal in the international market, MCX February gold futures were trading at Rs 62,490 per 10 grams in the opening trade, up Rs 36 or 0.06% from Thursday's closing price. Meanwhile, the March Silver futures were trading at Rs 74,994 per kg, down Rs 82 or 0.11%.
The rally was sparked by market expectations of a rate cut by the US Federal Reserve