Multi Commodity Exchange: Gold prices surge, traded at Rs 47,091 per 10 gm

Yellow metal prices on Wednesday rose, as on the Multi Commodity Exchange (MCX), gold August futures traded at ₹47,091 per 10 gram, ₹80 more than the previous close of ₹47,011.

The gain in gold prices was due to positive global cues after the US Federal Reserve head Jerome Powell clearly indicated that interest rates won't be raised any time soon.

Silver July futures too traded high at ₹67,819 per kg, ₹304 more than the previous close of ₹67,515 per kg.