Gold Prices Today: Gold, Silver Rates Surge As Ukraine Crisis Intensifies
NDTV
Gold and silver futures traded higher on Tuesday, February 22, taking cues from the international spot rates as the Russia-Ukraine crisis boosted demand.
Gold Price In India: Gold and silver futures traded higher on Tuesday, February 22, taking cues from the international spot rates as the Russia-Ukraine crisis boosted demand. On the Multi Commodity Exchange (MCX), gold futures, due for a February 4 delivery, were last seen 0.64 per cent higher at Rs 50,400, compared to the previous close of Rs 50,078. Silver futures due for a March 4 delivery were last seen 1.14 per cent up at Rs 64,318 against the previous close of Rs 63,591.
Foreign Exchange Rates:
Globally, gold prices hit a near nine month-high after Russia ordered troops into breakaway regions of eastern Ukraine, boosting demand for the safe-haven metal. Spot gold was up 0.2 per cent at $1,909.54 per ounce after scaling its highest since June 1 at $1,913.89 per ounce earlier. U.S. gold futures gained 0.7 per cent to $1,913.60.
Bullion is considered a hedge against inflation and geopolitical risks.
