Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Portfolio

Loading...
Select Portfolio and Asset Combination for Display on Market Band
Select Portfolio
Select Asset Class
Show More
Download ET MARKETS APP

Get ET Markets in your own language

DOWNLOAD THE APP NOW

+91

CHOOSE LANGUAGE

ENG

  • ENG - English
  • HIN - हिन्दी
  • GUJ - ગુજરાતી
  • MAR - मराठी
  • BEN - বাংলা
  • KAN - ಕನ್ನಡ
  • ORI - ଓଡିଆ
  • TEL - తెలుగు
  • TAM - தமிழ்
Drag according to your convenience
ET NOW RADIO
ET NOW
TIMES NOW

Gold Rate Today: Gold, silver down in morning trade

ETMarkets.com|
Oct 08, 2018, 11.11 AM IST
0Comments
GettyImages-547507664
Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.20 percent to 730.17 tonnes, on Friday.

Commodity Summary
MCX

GOLD
SILVER
Gold prices were trading lower in morning deals on Monday as the dollar held firm after China’s central bank eased its domestic policy to support the economy amid concerns that an escalating trade dispute with the United States could hurt growth.

The People’s Bank of China (PBOC) on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth.

MCX Gold futures were down 0.67 per cent at Rs 31,432 per 10 gram at around 11 am (IST). White metal silver was also trading in red.

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

DateGold Spot Price
Rs/10 grms (Ahmedabad)
Gold Future Price
Rs/10 grms Expiry: 05-Dec-2018
15-10-201831783.032255.0
12-10-201831565.031842.0
11-10-201831310.031996.0
10-10-201831021.031394.0
09-10-201831049.031275.0
08-10-201831156.031234.0
05-10-201831216.031645.0
04-10-201831057.031416.0
03-10-201830997.031398.0
01-10-201830499.030950.0
28-09-201830296.030765.0
27-09-201830575.030623.0
26-09-201830672.030919.0
25-09-201830728.031110.0
24-09-201830664.031130.0


MCX Silver futures were down 1.15 per cent at Rs 38,824 per 1 kg at around the same time.

Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.20 percent to 730.17 tonnes, on Friday.

The dollar index was trading 0.10 per cent up at 95.41.

According to SMC Global Securities, Gold can take support near Rs 31,500 per 10 gram and can face resistance near Rs 31850 in MCX. While Silver can take support near Rs 38800 and it has resistance near 39600.

0Comments

Also Read

Gold Rate Today: Gold, silver trade mixed

Gold Rate Today: Gold, silver up in morning trade

Gold Rate Today: Gold, silver down in morning trade

Gold Rate Today: Gold, silver up in morning trade

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Loading
Please wait...