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Gold rate flat at Rs 46,265 per 10 gram amid mixed cues

The dollar index rose 0.2 per cent, making gold more expensive for holders of other currencies.

Last Updated: May 27, 2020, 06.40 PM IST
0Comments
Reuters
Gold-2---Reuters
Spot gold was unchanged at $1,711.93 per ounce by 1243 GMT after a 1 per cent drop on Tuesday. US gold futures were also flat, at $1,705.

Commodity Summary
MCX

GOLD
NEW DELHI: Gold and silver were trading flat with negative bias on Wednesday as worries about US-China spat, weak GDP print and rising Covid-19 count were offset by optimism about reopening of economies across the world.

State Bank of India said India’s GDP could contract by over 40 per cent in the first quarter. Meanwhile, the total number of positive coronavirus cases rose to 1.45 lakh with 4,167 deaths, according to the official count.

Gold futures were down 0.12 per cent or Rs 57 at Rs 46,265 per 10 grams. Silver futures dipped 0.11 per cent or Rs 51 to Rs 47,770 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
07-07-20204816848324
03-07-20204822748050
01-07-20204873048245
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


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

Globally, gold traded flat as well as concerns about the US response to China's proposed security law for Hong Kong countered optimism about a re-opening of the global economy.

US President Trump said on Tuesday the United States was working on a strong response to China's planned national security legislation for Hong Kong and it would be announced before the end of the week.

Spot gold was unchanged at $1,711.93 per ounce by 1243 GMT after a 1 per cent drop on Tuesday. US gold futures were also flat, at $1,705.

The dollar index rose 0.2 per cent, making gold more expensive for holders of other currencies.

Palladium fell 1 per cent to $1,936.99 per ounce and platinum slipped 0.5 per cent to $825.62, while silver rose 0.2 per cent to $17.13.
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