NEW DELHI: Gold prices climbed in futures trade on Friday, taking support from positive global sentiment, while weakness in the equity market boosted the appeal of gold as a safe-haven asset.
An uptick in demand by jewellers at the spot market, too, pushed gold prices higher.
In global markets, gold prices rose on Friday, heading for their best month in three years, as uncertainty loomed over whether highly anticipated trade talks between China and the United States would yield any progress in ending a year-long trade dispute, Reuters reported.
Silver also edged up on an uptick in demand by industrial units and coin makers.
Around 11:35 am, the MCXNSE -0.93 % Gold traded at Rs 34,294 per 10 grams, up Rs 119, while MCX Silver traded at Rs 37,570 a kilo, up Rs 28.
As per brokerage SMC Global Securities, MCX Gold can move towards Rs 34,500, taking support near Rs 34,200 and silver can test Rs 37,800, taking support near Rs 37,200.
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