Gold Rate Today: Gold\, silver shine on increased demand\, positive global trend

NEW DELHI: Gold price climbed in the domestic futures market on Thursday on increased buying by local jewellers at the spot market to meet marriage season demand.

Silver prices also spurted by Rs 300 to Rs 40,100 per kg on fresh buying by industrial units and coin makers.

Favourable global trend also gave a leg up to gold price back home.

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

DateGold Spot Price
Rs/10 grms (Ahmedabad)		Gold Future Price
Rs/10 grms Expiry: 05-Feb-2019
10-01-201932157.032117.0
09-01-201931863.032004.0
08-01-201931734.031707.0
07-01-201931764.031633.0
04-01-201931769.031463.0
03-01-201931883.031811.0
02-01-201931792.031600.0
01-01-201931531.031413.0
31-12-201831566.031380.0
28-12-201831547.031629.0
27-12-201831513.031730.0
26-12-201831452.031574.0
24-12-201831190.031465.0
21-12-201831114.031189.0
20-12-201831040.031325.0


Gold prices rose on Thursday as growing expectations that the US Federal Reserve will pause its rate tightening cycle this year and an impasse between US President Donald Trump and Democrats on funding for a border wall weighed on the dollar, Reuters reported.

The MCX Gold was trading at Rs 32,062 per 10 grams, up by Rs 61, while MCX Silver was trading Rs 119 higher at Rs 39,640 a kilo around 10:40 am.

"MCX Gold price has support at Rs 31,850-31,770. A sustained break above immediate resistance near Rs 32,110 could extend the bullishness towards higher resistance at Rs 32,230-32,310 range in the short-term," said brokerage Motilal Oswal Securities.