Gold Price: Track current gold rate trends and news
NEW DELHI: Gold held steady on Tuesday supported by geopolitical tensions over North Korea and after falling from a five-month high in the previous session on a firmer dollar. Spot gold was mostly unchanged at $1,283.96 per ounce by 0246 GMT, after climbing to $1,295.42 in the prior session, its highest since Nov. 9.
US gold futures were down 0.5 percent at $1,285.50.
WHAT'S HAPPENING TODAY
The yellow metal was trading 0.33 per cent down at Rs 29,333 per 10 gram around 10.20 am (IST), while the white metal silver was trading 0.46 per cent down at Rs 42,302 per 1 kg. Despite a gap-down opening in MCX Gold on Tuesday, Nirmal Bang Commodities said, “We still expect a rally in prices and gold prices to touch Rs 29,700. Traders can buy on dips with a stop loss below Rs 29,200.” READ MORE
GOLD REFINING PICKS UP
Gold refining activity has picked up in India after a gap of five months since the demonetisation in November. MMTCBSE 0.95 % PAMP, the only London Bullion Market Association-accredited Indian refiner, said it was in response to a decline in smuggled gold, while others said the spike in demand from the upcoming wedding season and Akshaya Tritiya are the cause. READ MORE
US gold futures were down 0.5 percent at $1,285.50.
WHAT'S HAPPENING TODAY
The yellow metal was trading 0.33 per cent down at Rs 29,333 per 10 gram around 10.20 am (IST), while the white metal silver was trading 0.46 per cent down at Rs 42,302 per 1 kg. Despite a gap-down opening in MCX Gold on Tuesday, Nirmal Bang Commodities said, “We still expect a rally in prices and gold prices to touch Rs 29,700. Traders can buy on dips with a stop loss below Rs 29,200.” READ MORE
GOLD REFINING PICKS UP
Gold refining activity has picked up in India after a gap of five months since the demonetisation in November. MMTCBSE 0.95 % PAMP, the only London Bullion Market Association-accredited Indian refiner, said it was in response to a decline in smuggled gold, while others said the spike in demand from the upcoming wedding season and Akshaya Tritiya are the cause. READ MORE
