Gold rates today edge higher to near all time highs silver jumps

[Gold rates today edge higher to near all time highs silver jumps]( [Gold edged higher in Indian markets today and hovered near all time highs tracking an uptick in international prices. On MCX bullion futures were up 0.15percent to Rs56745 per 10 gram after hitting new peak of Rs56850 on Friday. Silver futures rose 0.6percent to Rs68970 per kg. In global markets gold edged up 0.3percent to dollar 1932.12 per ounce supported by a softer dollar. Expectations of a downshift in interest rate hikes by the Federal Reserve also boosted the precious metal appeal. The Federal Reserve two day meeting concludes on February 1 with most market participants expecting a 25 basis point hike. Lower rates reduce the opportunity cost of holding zero yield bullion. On the other hand a softer US dollar makes greenback priced bullion attractive for buyers holding other currencies.]( Â [Read More]( To Unlist [Click Here](