Gold rate today: Check out price trends and market outlook
NEW DELHI: January was the strongest month for gold in over a decade, as Donald Trump and crude oil emerged biggest drivers of market trends for the yellow metal. But February was a rather tepid story. In a world that is in great disequilibrium, both with respect to economic growth as well as geopolitics, there exist more uncertainties than certainties to give gold an edge over other asset classes. Or do they?
Keep a check on emerging market trends for the yellow metal and other precious metal in this space.
OUTLOOK FOR TODAY
Gold and silver futures on the Multi Commodity Exchange (MCX) were trading lower in early trade on Friday hit by strengthening dollar ahead of US jobs data later in the day. READ MORE
THE YELLOW METAL SEES WORST SLIDE SINCE OCTOBER
Gold’s feeling the strain. Bullion’s being tugged back down toward $1,200 an ounce in the worst losing run since October as positive US economic data reinforce expectations that interest rates will probably be raised several times this year, starting with a hike next week. READ MORE
GOLD DEMAND IN INDIA TO REVIVE IN 2017: WGC
Gold demand in India is expected to revive in 2017 after touching to seven-year lows in 2016, according to a global industry body, World Gold Council (WGC). READ MORE
SHOULD YOU INVEST IN GOLD?
Rs 1 lakh invested in gold a decade ago (January 1, 2007) is worth nearly 3.5L today. None of the other four assets has trebled in value during this period. READ MORE
Keep a check on emerging market trends for the yellow metal and other precious metal in this space.
| Date | Gold Rate (Per 10g) Previous close |
| 09-03-2017 | 28446 |
| 8-03-2017 | 28629 |
| 7-03-2017 | 28751 |
| 6-03-2017 | 29127 |
| 5-03-2017 | 28945 |
| 4-03-2017 | 29020 |
| 02-03-2017 | 29170 |
| 01-03-2017 | 29450 |
| 28-02-2017 | 29710 |
| 27-02-2017 | 29623 |
| 24-02-2017 | 29451 |
| 23-02-2017 | 29208 |
| 22-02-2017 | 29301 |
| 21-02-2017 | 29303 |
| 20-02-2017 | 29360 |
OUTLOOK FOR TODAY
Gold and silver futures on the Multi Commodity Exchange (MCX) were trading lower in early trade on Friday hit by strengthening dollar ahead of US jobs data later in the day. READ MORE
THE YELLOW METAL SEES WORST SLIDE SINCE OCTOBER
Gold’s feeling the strain. Bullion’s being tugged back down toward $1,200 an ounce in the worst losing run since October as positive US economic data reinforce expectations that interest rates will probably be raised several times this year, starting with a hike next week. READ MORE
GOLD DEMAND IN INDIA TO REVIVE IN 2017: WGC
Gold demand in India is expected to revive in 2017 after touching to seven-year lows in 2016, according to a global industry body, World Gold Council (WGC). READ MORE
SHOULD YOU INVEST IN GOLD?
Rs 1 lakh invested in gold a decade ago (January 1, 2007) is worth nearly 3.5L today. None of the other four assets has trebled in value during this period. READ MORE
