Commodity Summary
MCX
Mumbai: Gold and silver futures edged slightly lower in Wednesday's session, tracking the trend in international markets, amid strengthening dollar and subdued demand.
Gold futures on MCX were down 0.19 per cent to Rs 50,865 per 10 grams while silver futures dropped 0.55 per cent to Rs 61,940 per kg.
Internationally, gold prices were subdued as the dollar strengthened, after hopes of US stimulus faded following President Donald Trump's comment that a deal would likely come after the November election, Reuters reported.
Spot gold fell 0.1 per cent to $1,905.51 per ounce by 0103 GMT, while U.S. gold futures were down 0.2 per cent at $1,908.70.
On Tuesday, gold prices in the national capital dropped Rs 137 to Rs 51,108 per 10 gram on Tuesday amid rupee appreciation and subdued demand, according to HDFC Securities.
The precious metal had closed at Rs 51,245 per 10 gram in the previous trade.
Silver, however, rose by Rs 475 to Rs 62,648 per kilogram from Rs 62,173 per kilogram in the previous trade.
Meanwhile, holdings in SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.23 per cent to 1,266.72 tonnes on Tuesday.
Gold futures on MCX were down 0.19 per cent to Rs 50,865 per 10 grams while silver futures dropped 0.55 per cent to Rs 61,940 per kg.
Internationally, gold prices were subdued as the dollar strengthened, after hopes of US stimulus faded following President Donald Trump's comment that a deal would likely come after the November election, Reuters reported.
Spot gold fell 0.1 per cent to $1,905.51 per ounce by 0103 GMT, while U.S. gold futures were down 0.2 per cent at $1,908.70.
On Tuesday, gold prices in the national capital dropped Rs 137 to Rs 51,108 per 10 gram on Tuesday amid rupee appreciation and subdued demand, according to HDFC Securities.
The precious metal had closed at Rs 51,245 per 10 gram in the previous trade.
Silver, however, rose by Rs 475 to Rs 62,648 per kilogram from Rs 62,173 per kilogram in the previous trade.
Meanwhile, holdings in SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.23 per cent to 1,266.72 tonnes on Tuesday.
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