Gold Rate Today: Gold unchanged, silver drops in morning trade
Commodity Summary MCX
NEW DELHI: Gold remained unchanged in the late morning deals
on Friday while silver was deep in the red.
MCX Gold futures were trading unchanged Rs 29,480 per 10 grams at 10:24 am (IST), while MCX Silver futures were down 0.26 per cent, or Rs 99, at Rs 37,857 per 1 kg at the same time.
SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings stood at 796.96 tonnes, remain unchanged from the previous business day.
Holdings of the largest silver-backed exchange-traded-fund(ETF), New York's iShares Silver Trust SLV, stood at 10242.13 down 4.38 tonnes, from the previous business day.
"We expect prices to trade rangebound to lower for the day, having hit a one-year low in the previous session on a resilient US dollar," said Nirmal Bang Securities in its daily commodity report.
On the global front, gold prices were little changed in the early trade.
MCX Gold futures were trading unchanged Rs 29,480 per 10 grams at 10:24 am (IST), while MCX Silver futures were down 0.26 per cent, or Rs 99, at Rs 37,857 per 1 kg at the same time.
SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings stood at 796.96 tonnes, remain unchanged from the previous business day.
Holdings of the largest silver-backed exchange-traded-fund(ETF), New York's iShares Silver Trust SLV, stood at 10242.13 down 4.38 tonnes, from the previous business day.
"We expect prices to trade rangebound to lower for the day, having hit a one-year low in the previous session on a resilient US dollar," said Nirmal Bang Securities in its daily commodity report.
On the global front, gold prices were little changed in the early trade.