Gold Rate Today: Gold falls in futures trade on weak spot demand

NEW DELHI: Gold prices fell in futures trade on Friday on low demand from local jewellers at the spot market amid subdued global trend.

Gold prices hit a two-week low on Friday as the dollar recouped losses on upbeat the US economic data, Reuters reported. Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.52 per cent on Thursday.

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

DateGold Spot Price
Rs/10 grms (Ahmedabad)		Gold Future Price
Rs/10 grms Expiry: 05-Apr-2019
01-03-201932819.032655.0
26-02-201933264.033373.0
25-02-201933326.033320.0
22-02-201933252.033499.0
21-02-201933531.033436.0
20-02-201933730.033853.0
19-02-201933519.033903.0
18-02-201933371.033619.0
15-02-201933193.033398.0
12-02-201932891.032840.0
11-02-201932913.033073.0
08-02-201933043.033226.0
07-02-201933000.033089.0
06-02-201933210.033386.0
05-02-201933281.033410.0


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

The MCX Gold was trading at Rs 32,946 per 10 grams, down by Rs 35 around 11:35 am.

Silver also declined due to lower demand by industrial units and coin makers.

The MCX Silver was trading Rs 29 lower at Rs 39,105 a kilo around the same time.