Gold Rate Today: Gold, silver up in morning trade
MCX Gold futures were trading 0.37 per cent up at Rs 31,337 per 10 gram at around 11 am (IST), while MCX Silver futures were up 0.58 per cent at Rs 222 at around the same time.
Gold Rates - Spot & Futures (.995 purity) (MCX)
|Date||Gold Spot Price |
Rs/10 grms (Ahmedabad)
|Gold Future Price |
Rs/10 grms Expiry: 05-Feb-2019
According to SMC Global Securities, bullion counter may witness some short covering in Tuesday’s trade. Gold can take support near Rs 31,100 and can face resistance near Rs 31,450 in MCX. While Silver can take support near Rs 38,300 and it has resistance near Rs 38600.
SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, said its holdings stood at 730.17 tonnes, remain unchanged from previous business day.
Latest holdings of the largest silver-backed exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10354.73 tonnes, down 17.53 tonnes, from previous business day.