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    Gold prices today rise in line with global mood

    Synopsis

    In the spot market, gold prices were trading at Rs 51,147 per 10 gram according to a rate chart maintained by India Bullion And Jewellers Association. Silver prices stood at Rs 62,188 per kilogram.

    Gold-3---BCCL
    Globally, gold prices lingered below the key $1,900/ounce psychological level on Wednesday as lack of an agreement on additional US fiscal stimulus helped the dollar stay firm.
    NEW DELHI: Gold and silver prices were trading with gains on Wednesday following the trend in international markets amid vanishing hopes of any early economic stimulus from the US.

    Hopes for a new coronavirus relief package were dented as US House Speaker Nancy Pelosi rejected a $1.8 trillion proposal from the White House, saying it "falls significantly short of what this pandemic and deep recession demand."

    Gold futures on MCX were up 0.23 per cent or Rs 115 at Rs 50,360 per 10 grams. Silver futures rose 0.52 per cent or Rs 315 to Rs 60,857 per kg.

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

    DateGold Spot Price
    Rs/10 grms (AHMEDABAD)
    Gold Future Price
    Rs/10 grms Expiry: 05-Apr-2024
    27-03-20246617166313
    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


    In the spot market, gold prices were trading at Rs 51,147 per 10 gram according to a rate chart maintained by India Bullion And Jewellers Association. Silver prices stood at Rs 62,188 per kilogram.

    Globally, gold prices lingered below the key $1,900/ounce psychological level on Wednesday as lack of an agreement on additional US fiscal stimulus helped the dollar stay firm.

    Spot gold was little changed at $1,892.80 per ounce by 0053 GMT, after declining 1.6 per cent in the previous session. US gold futures were steady at $1,896.60.

    Expectations for a COVID-19 vaccine took backseat after Johnson & Johnson and Eli Lilly and Co paused vaccine trials.

    US consumer prices increased for a fourth straight month in September, with the cost of cars and trucks rising by the most since 1969, but inflation is slowing amid excess capacity in the economy as it gradually recovers from the COVID-19 recession.

    Silver rose 0.2 per cent to $24.22 per ounce, platinum was up 0.5 per cent at $869.05, and palladium gained 0.6 per cent to $2,329.97.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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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