GOLD

Gold on MCX settled up 0.54% at 29662 extended their climb into a third session in a row Tuesday the highest closing price of the year on short covering and as a North Korean missile launch over Japan’s airspace rekindled geopolitical tensions in the region and sparked a flight to haven assets.

SILVER

Silver on MCX settled up 0.23% at 39818 rose supported despite easing from the day's highs of 40275 as the dollar pared some of its losses but geopolitical uncertainty limited downside momentum. Support seen as Gold prices rose more than 1% to a nearly 11-month high of $1331.18, after North Korea fired a missile that flew over Japan on Monday, triggering a flightto- safety among investors, lifting demand for safe haven assets like gold. 

The rally, however, was short lived as traders appeared to take profit on the precious metal’s spike to multimonth highs, following a rebound in the dollar amid better-than-expected consumer confidence data.

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