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Gold Rate Today: Gold lose shine on rise in equities, stronger rupee

Weak global sentiment weighed on as the safe-haven metal traded with a negative bias in the domestic futures trade.

ETMarkets.com|
May 15, 2019, 12.42 PM IST
0Comments

Commodity Summary
MCX

GOLD
NEW DELHI: Decent gains in equities, rupee's rise against the US dollar and muted demand by jewellers at spot markets took the shine off gold in Wednesday's session.

Weak global sentiment also weighed on as the safe-haven metal traded with a negative bias in the domestic futures trade.

As per Reuters, gold prices edged lower on Wednesday in global markets, retreating from a one-month peak hit in the previous session as optimism surrounding trade talks between Washington and Beijing soothed investor concerns, boosting global stocks and the dollar.

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

DateGold Spot Price
Rs/10 grms (AHMEDABAD)
Gold Future Price
Rs/10 grms Expiry: 05-Dec-2019
15-11-201938217.037935.0
14-11-201938217.038285.0
12-11-20190.037729.0
08-11-201937919.037692.0
05-11-201938565.037859.0
01-11-201938703.038320.0
31-10-201938650.038580.0
29-10-201938630.037910.0
27-10-201938630.038289.0
23-10-201938295.038002.0


Silver, too, traded in the negative territory on lower demand by industrial units and coin makers.

The MCX Gold was trading at Rs 32,220 per 10 grams, down by Rs 21, while MCX Silver was trading at Rs 37,507 a kilo, lower by Rs 14 around 11:10 am.

Also Read

RBI allows rupee derivatives in IFSC

Rupee tumbles 31 paise on India's outlook downgrade

Gold prices up Rs 70 on rupee depreciation

Rupee firms up 11 paise to 70.81

Rupee firms up 11 paise against dollar

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