Gold, silver trade flat ahead of US jobs data
ETMarkets.com|
Updated: Oct 05, 2017, 11.15 AM IST
Gold and silver were trading almost flat on Thursday morning ahead of the key US non-farm payrolls data to be released on Friday.
MCX Gold futures were trading at Rs 29,290 around 11 am (IST), while MCX Silver was up 0.05 per cent at Rs 39,106 per 10 gram at around the same time.
According to Angel Broking, markets will watch for the more important non-farm payrolls data due this week apart from President Donald Trump’s pending decision on the leadership of the Federal Reserve, along with upcoming policy maker speeches and US economic data.
“Gold prices will remain volatile in the sessions ahead and possibly see prices lower while MCX gold prices will get support from the weaker rupee, trend remains weak in the counter,” the brokerage house said.
Meanwhile, domestic equity markets were trading almost flat in the morning trade. The BSE Sensex was down 14 points, or 0.05 per cent, at 31,657, while NSE Nifty index was down 9.60 points, or 0.10 per cent, at 9,905.
MCX Gold futures were trading at Rs 29,290 around 11 am (IST), while MCX Silver was up 0.05 per cent at Rs 39,106 per 10 gram at around the same time.
According to Angel Broking, markets will watch for the more important non-farm payrolls data due this week apart from President Donald Trump’s pending decision on the leadership of the Federal Reserve, along with upcoming policy maker speeches and US economic data.
“Gold prices will remain volatile in the sessions ahead and possibly see prices lower while MCX gold prices will get support from the weaker rupee, trend remains weak in the counter,” the brokerage house said.
Meanwhile, domestic equity markets were trading almost flat in the morning trade. The BSE Sensex was down 14 points, or 0.05 per cent, at 31,657, while NSE Nifty index was down 9.60 points, or 0.10 per cent, at 9,905.
