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    Gold rate declines as traders book profits

    Synopsis

    Globally, gold prices fell on Friday after a sharp rise in the previous session as the dollar regained lost ground, although doubts over a swift global economic recovery kept bullion on track for a weekly gain.

    Gold
    Gold futures on MCX were down 0.85 per cent or Rs 439 at Rs 51,335 per 10 grams. Silver futures dipped 1.45 per cent or Rs 999 to Rs 67,992 per kg.
    NEW DELHI: Gold and silver prices slipped in Friday’s trade as profit booking ensued after the ECB outlined its monetary policy while Repubpican attempt to pass an aid bill was stalled in the US Senate.

    Investors now await British GDP data and US inflation numbers due later in the day for further clarity on the progress of the global recovery from a coronavirus-induced economic slump.

    Gold futures on MCX were down 0.85 per cent or Rs 439 at Rs 51,335 per 10 grams. Silver futures dipped 1.45 per cent or Rs 999 to Rs 67,992 per kg.

    Gold prices rose by Rs 287 to Rs 52,391 per 10 gram in the national capital on Thursday, according to HDFC Securities. Silver prices also gained Rs 875 to Rs 69,950 per kilogram.

    Gold Rates - Spot & Futures (.995 purity) (MCX)

    DateGold Spot Price
    Rs/10 grms (AHMEDABAD)
    Gold Future Price
    Rs/10 grms Expiry: 05-Apr-2024
    22-03-20246597565870
    22-03-20246597565870
    21-03-20246667966180
    20-03-20246544665715
    19-03-20246534965576
    18-03-20246525865634
    15-03-20246536565545
    14-03-20246530965580
    13-03-20246518265851
    12-03-20246553165414
    11-03-20246554866033
    08-03-20246500766021
    07-03-20246500765423
    06-03-20246442065200
    05-03-20246441364819


    Globally, gold prices fell on Friday after a sharp rise in the previous session as the dollar regained lost ground, although doubts over a swift global economic recovery kept bullion on track for a weekly gain.

    Spot gold was down 0.3 per cent at $1,947.41 per ounce by 0058 GMT, after hitting its best level since Sept. 2 at $1,965.94 on Thursday. Gold has gained 0.8 per cent so far this week. US gold futures fell 0.5 per cent to $1,955.30.

    The dollar index held firm against its rivals, recovering from a drop against the euro in the previous session. A stronger greenback makes gold more expensive for holders of other currencies.

    Silver fell 0.3 per cent to $26.84 per ounce, platinum eased 0.1 per cent to $925.59 and palladium lost 0.4 per cent to $2,283.72.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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