Gold, silver price today 
New Delhi: Gold prices today rose in India as the U.S. dollar and Treasury yields eased, while President Joe Biden’s $2 trillion-plus jobs plan supported the yellow metal’s appeal as a hedge against inflation. However, silver prices fell today. On MCX Gold May futures rose 0.23% to trade at Rs 45,040 per 10 gram as of 10:55 am while Silver May futures on MCX traded 0.29% lower at Rs 63,630 per kg.
The US president on Wednesday called for a sweeping use of government power to rebuild the infrastructure in the world’s largest economy and to counter China’s rise in a $2 trillion-plus proposal.
Spot gold fell 0.16% to $1,713.20 per ounce, after touching its lowest since March 8 at $1,677.61 on Wednesday. Yesterday spot gold closed 1.3% higher, the biggest increase in three weeks. Spot silver was down 0.94% at $24.310 per ounce.
“Gold rallied overnight on quarter-end portfolio rebalancing flows, assisted by a weaker U.S. dollar and no fireworks in the U.S. bond market after President Biden released the first details of the infrastructure package,” news agency Reuters quoted OANDA senior market analyst Jeffrey Halley as saying.
The dollar index pulled back after hitting a five-month high on Wednesday, making gold less expensive for holders of other currencies.
In India, prices of the yellow metal in the spot market, declined by Rs 49 to Rs 43,925 per 10 gram in the national capital on Wednesday reflecting overnight selling in global precious metal prices. Silver also registered a fall of Rs 331 to Rs 62,441 per kg.