Gold prices climbed in futures trade on Wednesday, underpinned by raised demand by jewellers at spot markets.
However, the gains were capped as a rally in domestic equities and weak global sentiment for the metal weighed on the demand for gold as a safe-haven asset.
In international markets, gold inched lower as hopes of a resolution to the Sino-US trade spat and a dovish European Central Bank lifted riskier assets, while investors awaited the US Federal Reserve's monetary policy decision later in the day, Reuters reported.
Around 11:15 am, the MCX Gold traded at Rs 33,054 per 10 grams, up Rs 30, while MCX Silver traded Rs 37,330 a kilo, up Rs 24.
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