Gold and Silver price (August 28, 2023): Precious metal futures traded in the green on Monday, a day after Chair of the Federal Reserve of the United States, Jerome Powell, flagged inflationary concerns and said that the interest rates may be hiked.

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Last seen, MCX gold futures (Oct 5) were up 0.14 per cent or Rs 80 at Rs 58,720 per 10 grams at the last count, having traded between Rs 58,685 and Rs 58,730 earlier in the day. Silver futures (Sept 5) were up Rs 26 or 0.04 per cent at Rs 73,575 per kg.

In the international market, COMEX gold was up 0.19 per cent at $1,943.5 per ounce.

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