NEW DELHI: Gold prices jumped in futures trade on Wednesday, supported by positive global trend and weakness in the equity market.
Weak sentiment in the equity market amid trade war jitters increased the appeal of gold as safe-haven metal.
Gold prices rose in global markets as worries over US-China trade war lingered, curbing risk appetite and increasing the appeal of safe-haven metal.
Meanwhile, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell marginally to 756.18 tonnes on Tuesday from 756.42 tonnes on Monday, Reuters reported.
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Weak sentiment in the equity market amid trade war jitters increased the appeal of gold as safe-haven metal.
Gold prices rose in global markets as worries over US-China trade war lingered, curbing risk appetite and increasing the appeal of safe-haven metal.
Meanwhile, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell marginally to 756.18 tonnes on Tuesday from 756.42 tonnes on Monday, Reuters reported.
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