Gold, Silver Rates Today LIVE: Gold prices rose to their highest in nearly two weeks on Wednesday, supported by a weaker dollar after US President Donald Trump said the war with Iran could wind down within two to three weeks.
Spot gold price rose 0.4% to $4,685.79 per ounce, having hit its highest level since March 20 at $4,723.21 earlier in the day. US gold futures for April delivery gained 0.8% to $4,713.40. Spot silver prices fell 0.8% to $74.53 per ounce.
The US dollar fell 0.2%, making greenback-denominated commodities more affordable for holders of other currencies. The move comes after US President Donald Trump said Iran did not have to make a deal as a prerequisite for the conflict to wind down.
Gold prices declined more than 11% in March in its steepest monthly fall since October 2008.
In other commodities, platinum prices gained 0.7% to $1,963.22 and palladium price was up 0.6% at $1,484.84.
Stay tuned to this segment for Live updates on gold and silver prices today.
