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    Gold Rate Today: Gold, silver trade mix in morning deals

    Synopsis

    MCX Gold futures were trading 0.05 per cent up at Rs 30,587 at around 10.30 am (IST).

    gold--thinkstocksThinkStock Photos
    "On domestic bourses gold can recover towards Rs 30,650 while silver can recover towards Rs 39,500 on MCX,” SMC said.
    Gold prices continued to trade higher on Wednesday following weaker greenback. MCX Gold futures were trading 0.05 per cent up at Rs 30,587 at around 10.30 am (IST).

    On the other hand, silver futures on the MCX were trading in the red. MCX Silver futures were down 0.20 per cent, or Rs 80, at Rs 39,201 per 1 kg at around the same time.

    SMC Investments and Advisors believes that bullion counter may remain on bullish path continuing Tuesday’s upside momentum on trade war fears and weaker dollar.

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

    DateGold Spot Price
    Rs/10 grms (AHMEDABAD)
    Gold Future Price
    Rs/10 grms Expiry: 05-Apr-2024
    28-03-20246674667800
    27-03-20246650166399
    22-03-20246597565870
    21-03-20246667966180
    20-03-20246544665715
    19-03-20246534965576
    18-03-20246525865634
    15-03-20246536565545
    14-03-20246530965580
    13-03-20246518265851
    12-03-20246553165414
    11-03-20246554866033
    08-03-20246500766021
    07-03-20246500765423
    06-03-20246442065200


    “On domestic bourses gold can recover towards Rs 30,650 while silver can recover towards Rs 39,500 on MCX,” SMC said.

    SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, said its latest holdings stood at 831.03 tonnes, remain unchanged from previous business day.

    Holdings of the largest silver-backed exchange-traded-fund (ETF), New York’s iShares Silver Trust SLV, stood at 9,893.07 tonnes, remain unchanged from previous business day.

    “We expect prices to trade range bound to higher for the day as US equities and the dollar weakened after President Donald Trump said he would push ahead with punitive tariffs on steel and aluminium imports, rekindling fears of a potential trade war,” said Nirmal Bang Commodities.

    BSE Sensex and NSE Nifty extended their losses for the sixth straight on Wednesday on heavy selling in banking, metal and power stocks amid sustained selling by domestic institutional investors.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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