Spot gold prices edged up by 0.3 percent on Tuesday and closed at $1200.7/oz as dollar weakness after data showed a deterioration in consumer confidence, offsetting better-than-expected U.S. economic growth numbers.
On the MCX, gold prices rose declined by 0.58 percent and closed at Rs.26326/10 gms.
Spot silver prices rose by 1.3 percent and closed at $16.7/oz in tandem with rise in gold prices. Weak dollar and poor consumer confidence further pushed prices higher.
On the MCX, silver prices rose by 0.76 percent and closed at Rs.36520/kg.