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Gold trades lower in morning deals, silver up

Gold costs were exchanging lower in morning exchange on Monday following stifled interest of valuable metal from gem dealers, businesses and retailers. MCX Gold was down 0.12 percent at Rs 31,560 for each 10 gram at around 11.15 am (IST).

“The exchange war worries between the US and China is somewhat chilling off and that has loaned support to the value showcase,” said Ajay Kedia, executive at Kedia Commodities to Reuters, including that there is some benefit booking in gold in front of the year-end.

Then again, Silver was up 0.27 percent at Rs 38,810 for each 1 kg at around a similar time.

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