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    Gold rate today rises on positive global cues

    Synopsis

    Globally, gold prices gained in early Asia trade on Tuesday, supported by a weaker dollar and concerns stemming from the surging coronavirus spread globally and its economic fallout.

    Gold
    Holdings in SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.14 per cent to 1,263.80 tonnes on Friday.
    NEW DELHI: Gold and silver future prices rose in the opening trade on Tuesday tracking trend in international market amid rising Covid-19 cases in western countries, which has resulted in fresh curbs.

    US House of Representatives Speaker Nancy Pelosi is hopeful that congressional Democrats and the Trump administration can reach agreement on the coronavirus relief bill before the elections, however White House economic adviser Larry Kudlow told reporters on Monday that talks have slowed.

    Gold futures on MCX were up 0.33 per cent or Rs 170 at Rs 51,100 per 10 grams. Silver futures climbed 0.94 per cent or Rs 582 to Rs 62,488 per kg.

    “Gold may edge higher on weak US dollar and a correction in global equities. Hopes of more fiscal stimulus measures and unresolved US-China tensions will also offer lower level support to the commodity. At the same time, possibilities of global economic recovery may dent the safe haven demand of the commodity,” said Hareesh V, Head of Commodity research, Geojit Financial Services.

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

    DateGold Spot Price
    Rs/10 grms (AHMEDABAD)
    Gold Future Price
    Rs/10 grms Expiry: 05-Apr-2024
    27-03-20246650166399
    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 fell Rs 59 to Rs 51,034 per 10 grams in the national capital on Monday, according to HDFC Securities. Silver also tanked Rs 753 to Rs 62,008 per kilogram.

    Globally, gold prices gained in early Asia trade on Tuesday, supported by a weaker dollar and concerns stemming from the surging coronavirus spread globally and its economic fallout.

    Spot gold rose 0.3 per cent to $1,907.77 per ounce by 0116 GMT. US gold futures were up 0.2 per cent at $1,909.20. The dollar index slipped 0.1 per cent against a basket of currencies, making gold cheaper for holders of other currencies.

    Holdings in SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.14 per cent to 1,263.80 tonnes on Friday.

    Silver fell 0.5 per cent to $24.45 per ounce, while platinum dipped 0.7 per cent to $895 and palladium eased 0.5 per cent to $2,382.12.

    Silver rose 0.5 per cent to $24.43 per ounce, while platinum climbed 1 per cent to $878.50 and palladium was up 0.3 per cent to $2,358.03.



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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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