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Gold prices ease on profit booking at higher levels

SPDR Gold Trust holdings, the world's largest gold-backed exchange-traded fund, rose 0.2 per cent to 1,119.05 tonnes on Wednesday.

Reuters|
Last Updated: May 28, 2020, 07.20 PM IST
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gold
Spot gold markets remained shut due to lockdown in the country to check the spread of coronavirus, according to HDFC Securities.
NEW DELHI: Gold and silver prices slipped on Thursday as investors preferred to book profits at high level even as India's coronavirus patient count rose and tensions around Hong Kong worsened.

US President Trump has a long list of possible responses to China's plans to impose a national security law on Hong Kong, including visa and economic sanctions, said David Stilwell, assistant Secretary of State for East Asia.

Gold futures were down 0.22 per cent or Rs 104 at Rs 46,427 per 10 grams. Silver futures dipped 0.12 per cent or Rs 57 to Rs 48,333 per kg.

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

DateGold Spot Price
Rs/10 grms (AHMEDABAD)
Gold Future Price
Rs/10 grms Expiry: 05-Aug-2020
02-07-20204817348183
26-06-20204811748315
25-06-20204802147950
23-06-20204794248257
19-06-20204751947930
18-06-20204730247368
16-06-20204737447620
12-06-20204733747364
10-06-20204678246644
09-06-20204658846581
05-06-20204652545737
03-06-20204660946009


Spot gold markets remained shut due to lockdown in the country to check the spread of Covid-19, according to HDFC Securities.

Globally, gold prices rose as tensions between the United States and China over a Hong Kong security law escalated, while fresh stimulus measures by several economies to mitigate the coronavirus fallout also lent support.

Spot gold was up 0.2 per cent at $1,711.35 per ounce, as of 1250 GMT, after touching a two-week low on Wednesday. U.S. gold futures fell 0.2 per cent to $1,723.60.

US Secretary of State Mike Pompeo said Hong Kong no longer qualifies for its special status under the U.S. law, dealing a blow to its status as a financial hub.

SPDR Gold Trust holdings, the world's largest gold-backed exchange-traded fund, rose 0.2 per cent to 1,119.05 tonnes on Wednesday.

Palladium rose 0.2 per cent to $1,938.76 per ounce and platinum gained 1.9 per cent to $834.19, while silver fell 0.4 per cent to $17.24.

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