Gold Rate Today: Gold flat on muted spot demand\, weak global trend

NEW DELHI: Gold prices traded on a flat note in Tuesday's session amid tepid demand at the domestic spot markets and subdued global cues.

Global gold prices were near one-week lows on Tuesday as strong US economic data boosted the US dollar and motivated investors to look towards riskier equities.

A strong dollar means gold price will depreciate as the commodity becomes dearer in other currencies, causing a fall in its demand.

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

DateGold Spot Price
Rs/10 grms (Ahmedabad)		Gold Future Price
Rs/10 grms Expiry: 05-Feb-2019
05-02-201933226.033339.0
01-02-201933262.033410.0
31-01-201933209.033014.0
30-01-201933000.032902.0
29-01-201932862.032897.0
28-01-201932691.032557.0
25-01-201932303.032354.0
24-01-201932226.032025.0
23-01-201932341.032138.0
22-01-201932324.032172.0
21-01-201932154.032058.0
18-01-201932276.032096.0
17-01-201932396.032270.0
16-01-201932351.032300.0
15-01-201932117.032162.0


Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, dropped 0.50 per cent to 813.29 tonnes on Monday, Reuters reported. Holdings have fallen for a second straight session.

Silver, however, climbed on raised orders from industrial units and coin makers.

The MCX Gold was trading 0.06 per cent up at Rs 33,486 per 10 grams, while MCX Silver was trading 0.20 per cent higher at Rs 40,698 a kilo around 10:40 am.