Gold prices in India rose on the Multi Commodity Exchange (MCX) on Wednesday after a sharp decline in the previous session. However, analysts believe that bullion prices are expected to remain weak.
At 11:30 am, gold futures for December delivery rose 0.20 percent to Rs 50,345 per 10 grams. Silver futures are trading at Rs 60,781 per kg, up 0.39 percent. The prices opened at Rs 60,725 as compared to the previous close of Rs 60,542 per kg.
International gold fell below the $ 1,900 / oz level on Wednesday. Spot gold was steady at $ 1,895.04 an ounce after falling 1.6 percent in the previous session. US gold futures also remained unchanged at $ 1,898.30.