Mumbai : Gold prices rose on the Multi Commodity Exchange (MCX) on Thursday morning amid reports that India and the United States may soon sign a trade deal. The optimism over the potential agreement lifted investor sentiment in precious metals. In the early trade, MCX Gold December futures were trading 0.89 per cent higher at Rs 1,22,938 per 10 grams. Similarly, MCX Silver December contracts gained 0.93 per cent to trade at Rs 1,46,915 per kilogram.

According to analysts, MCX gold prices for the December expiry are expected to move in a range of Rs 1,21,500 to Rs 1,23,000 per 10 grams. However, in the global market, gold prices edged lower due to a stronger US dollar, as investors awaited key inflation data from the United States later this week. Read Also Gold & Silver Prices Shine

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