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.
Commodity Summary MCX
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)
|Date||Gold Spot Price |
Rs/10 grms (AHMEDABAD)
|Gold Future Price |
Rs/10 grms Expiry: 05-Dec-2019
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.