Gold Prices Today: Yellow Metal Trades High At Rs 47,004, Silver Too Up

Gold Silver Prices Today On May 3: On MCX, gold rates were up at Rs 47,004 per 10 gram while silver rose to Rs 68,789 per kg.

Gold and silver prices moved a bit on the higher side on Monday after a sharp fall last week in Indian markets. On MCX, gold rates were up 0.6 per cent to Rs 47,004 per 10 gram while silver rose 0.6 per cent to Rs 68,789 per kg. Gold ETF holdings continued with outflow as holdings at SPDR Gold Shares declined to 1,017 tonnes from previous week's 1,020 tonnes. The CFTC data showed that money managers decreased their net long positions by 6146 lots in last week. Commodity prices traded mixed during the week passed by with Bullion prices witnessed decline for the second week with risk on sentiments. Base metals continued to trade higher with Nickel rallying the most followed by Copper and Lead on a strong demand outlook. Crude oil prices traded higher on demand, growth prospectus.