Gold Price Today: Yellow metal trades above Rs 58,000 mark; where's it headed next?

MCX Gold has given returns of 5.26% on the year-to-date (YTD) basis while returning 3.95% during March, according to Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities. Silver futures, on the other hand, are catching up fast, recovering their early losses, though still in the red, Gupta said. The YTD returns stand at a negative 2.88% while the month-to-date returns are at 3.32%, IIFL Securities analyst said.

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