The yellow metal has increased during today's trading session, while silver rose to their highest levels in 31 years, on concern of raising inflation rates due to the new gains, thereby pushing oil prices and grains to increase to their highest levels since 2008. Further, the inflation factor is supporting gold along with both the gold and silver are benefiting from speculative buying, driven by new demand on gold bullion and currencies.

On the other hand, prices gold trading rose by 0.3% to reach 1432.24 dollars per ounce, less than the previous hike which amounted to $1438.55 an ounce.

The American future golden contracts closed rising by 0.3% up to 1433 dollars, along with the rise of silver to its highest levels in 31 years at 38.58 dollars per ounce.