Gold prices in the domestic market traded slightly higher on Wednesday, June 11, amid a broadly steady US dollar and positive global cues. At noon, gold was trading at ₹97,082 per 10 grams, up ₹180 or 0.19% from the previous close of ₹96,902.
The intraday movement so far has seen prices oscillate between ₹97,011 and ₹97,315.
Globally, gold edged higher despite the US and China reaching an agreement to ease trade tensions during ongoing discussions in London. Bullion traded near $3,330 an ounce, and is up modestly for the week. While such geopolitical easing typically dampens demand for safe-haven assets like gold, the precious metal found support from the near-flat performance of the US dollar index, which hovered around 99.13.
Indian equity benchmarks BSE Sensex and NSE Nifty 50 traded in the green on Wednesday.