Gold Price Today: Gold trades higher on firm global cues

Gold prices edged up on Wednesday as investors resorted to bargain hunting after the yellow metal's sharp decline of over 1 per cent to its lowest in more than three weeks in the previous session.



WHAT HAPPENED IN INDIA
Gold prices were higher by Rs 28 to Rs 30,215 per 10 gram in futures trade as participants built up fresh positions, taking positive cues from global markets. At the Multi Commodity Exchange, gold for delivery in April rose by Rs 28, or 0.09 per cent, to Rs 30,215 per 10 gram, in a business turnover of 168 lots.


WHAT HAPPENED YESTERDAY
Gold prices rose on Tuesday as a rout in global equities prompted investors to seek shelter in safe havens such as gold, although expectations of more US rate hikes this year weighed on the market.