Gold Rate Today: Gold shines on weak equities\, falling rupee

NEW DELHI: Gold prices jumped in futures trade on Friday as weakness in equities boosted the appeal of the yellow metal as a safe haven asset.

Softer rupee, an uptick in demand by jewellers at spot markets and positive global cues too helped the precious metal.

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

DateGold Spot Price
Rs/10 grms (Ahmedabad)		Gold Future Price
Rs/10 grms Expiry: 05-Aug-2019
21-06-201933520.034359.0
19-06-201932850.033080.0
18-06-201932918.033016.0
14-06-201933061.033074.0
13-06-201932632.032974.0
12-06-201932590.032775.0
11-06-201932331.032678.0
10-06-20190.032679.0
07-06-201932607.032940.0
04-06-201932407.032596.0
31-05-201932056.032231.0
29-05-201931802.031835.0
28-05-201931710.031655.0


As per Reuters, gold jumped more than 1.5 per cent in international markets on Friday, breaking above $1,400 for the first time since September 2013, as hints of a rate cut from the US Federal Reserve took a toll on the greenback and US Treasury yields.

Since international gold is dollar-denominated, any weakness in the dollar pushes up gold prices and vice versa.

Silver also climbed higher on raised demand by industrial units and coin makers.

Around 10:55 am, the MCX Gold traded at Rs 34,364 per 10 grams, up Rs 338, while MCX Silver traded Rs 38,453 a kilo, up Rs 88.