Gold Rate Today: Gold declines on profit-booking\, low spot demand

NEW DELHI: Gold prices declined in futures trade on Friday owing to profit-booking, while a fall in demand from jewellers at spot markets also weighed on the precious metal.

An uptick in the riskier equities also dented the demand for the safe-haven metal.

In the international markets, the yellow metal eased but was headed for their best week this year supported by expectations of an interest rate cut by Federal Reserve and heightened global trade conflicts, Reuters reported.

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

DateGold Spot Price
Rs/10 grms (Ahmedabad)		Gold Future Price
Rs/10 grms Expiry: 05-Aug-2019
07-06-201932611.032699.0
04-06-201932407.032596.0
31-05-201932056.032231.0
29-05-201931802.031835.0
28-05-201931710.031655.0
24-05-201931591.031702.0
22-05-201931504.031590.0
21-05-201931540.031605.0
17-05-201931911.031985.0


Silver also declined in futures trade, pressured by fall in demand by industrial units and coin makers at the spot market.

The MCX Gold was trading at Rs 32,696 per 10 grams, down by Rs 104, while MCX Silver was trading at Rs 36,952 a kilo, down by Rs 70 around 11:20 am.