Mumbai, January 15: Gold and silver prices were up in Indian markets, thus breaking their recent declining streak. India Gold February futures were trading higher on Wednesday tracking gains in the international market. On MCX, gold futures rose 0.63 percent to Rs 39,695 per 10 gram, after declining in the last two days. Silver futures also rose 0.82 percent to Rs 46,278.
A top US official said tariffs on China would stay until a Phase 2 deal is completed. The joint statement from the Treasury and the US Trade Representative's office reportedly said "there is no agreement for a future reduction in tariffs. Any rumours to the contrary are categorically false." Gold Rate Today: Price of Yellow Metal Falls Ahead of Crucial US-China Trade Deal.
Last week while the US-Iran tension was at its peak, the gold prices had touched a high of Rs 41,293. The optimism on the crucial trade deal and the cooling of the US-Iran tension have helped the prices to come down from its high.