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Gold Rate Today: Gold futures climb on raised spot demand

Gold prices shore up by raised demand by jewellers at spot markets.|
Updated: Jun 19, 2019, 12.41 PM IST

Commodity Summary

NEW DELHI: Gold prices climbed in futures trade on Wednesday, underpinned by raised demand by jewellers at spot markets.

However, the gains were capped as a rally in domestic equities and weak global sentiment for the metal weighed on the demand for gold as a safe-haven asset.

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

DateGold Spot Price
Rs/10 grms (AHMEDABAD)
Gold Future Price
Rs/10 grms Expiry: 05-Dec-2019

In international markets, gold inched lower as hopes of a resolution to the Sino-US trade spat and a dovish European Central Bank lifted riskier assets, while investors awaited the US Federal Reserve's monetary policy decision later in the day, Reuters reported.

Silver prices edged up on an uptick in demand by industrial units and coin makers at spot markets.

Around 11:15 am, the MCX Gold traded at Rs 33,054 per 10 grams, up Rs 30, while MCX Silver traded Rs 37,330 a kilo, up Rs 24.

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