Gold prices jumped in futures trade on Wednesday, supported by favourable global cues, while a lacklustre trend in the domestic equity market also gave a leg up to the safe-haven metal.
Gold prices climbed over 1 per cent in global markets on Wednesday, driven by strong safe haven sentiment as hopes of a quick end to the US-China trade row faded and a new trade front in Europe deepened concerns over tepid economic growth, Reuters reported.
An uptick in demand by jewellers at spot markets also pushed the yellow metal prices in futures trade higher.
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