Gold Rate Today: Gold, silver log big gains in morning trade

NEW DELHI: Precious metals gold and silver were trading higher in the morning trade on Monday.

MCX Gold futures were trading 0.35 per cent, or Rs 102 higher at Rs 29,451 per 10 grams at 10:26 am (IST), while MCX Silver futures were up 0.54 per cent, or Rs 198, at Rs 36,976 per 1 kg at the same time.

SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings stood at 772.24 down 1.17 tonnes, from the previous business day.

Holdings of the largest silver-backed exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10236.28 tonnes, remain unchanged from the previous business day.

On the global front, gold prices inched higher in early trade.

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