NEW DELHI:
Gold prices fell in futures trade on Tuesday dragged by a slump in demand by jewellers at spot markets even as global trend appeared positive.
As per
Reuters,
gold prices held steady near one-month highs on Tuesday as an escalation in Sino-US trade war sent investors looking for safe-haven assets.
SPDR Gold Trust, the world's largest gold-backed
exchange-traded fund, rose 0.44 per cent on Monday, its biggest one-day rise in nearly two months.
Weakness in the domestic equity market capped the fall of gold prices in futures trade.
Silver, on the other hand, traded with marginal gains, taking support from a tepid rise in orders from industrial units and coin makers.
The MCX Gold was trading at Rs 32,445 per 10 grams, lower by Rs 53, while MCX Silver was trading at Rs 37,664 a kilo, up by Rs 14 around 11:55 am.