Synopsis Gold prices were steady on Friday. Spot gold was unchanged at $1,840.91 per ounce by 0058 GMT. Prices were down 0.6 per cent for the week and 2.9 per cent for the month. Related Gold set to post weekly, monthly decline on firmer dollar NEW DELHI: Gold and silver futures prices in the domestic market traded with gains in the morning trade on Thursday, as low level buying pushed precious metals higher. Investors are awaiting any development on the stimulus front. While there is a buzz that the government may reduce duty on gold to raise demand in the Union Budget. Gold futures on Multi Commodity Exchange (MCX) were up 0.27 per cent or Rs 131 at Rs 49,067 per 10 grams. Silver futures climbed 1.36 per cent or Rs 919 to Rs 68,514 per kg. "Gold is range bound as support from rising virus cases, mixed economic data from major economies and US stimulus expectations is countered by continued ETF outflows and lack of any cues about fresh measures by major central banks. Gold may remain choppy reflecting mixed trade in US dollar however rising virus cases and US stimulus expectations may lent some support," said Ravindra Rao,… Read full this story
- Gold rate today: Gold, silver rise on Brexit uncertainty; analysts see positive momentum ahead
- Gold Rate Today: Gold, silver trade lower as traders wait for directions on Brexit, trade war fronts
- Union Budget 2019 to spur investment in Automation, hopes Schneider Electric CFO
- How High Will Silver and Gold Prices Go?
- All you need to know about gold savings schemes
- Confused About Gold and the Dollar? Understand Their Relationship Before You Invest
- Investing in Gold, Silver and Coins
- Commodity outlook: Gold prices likely to rise; sell crude oil
- 2009 Recession Investment - Love Over Gold and Silver
- Fixed Rate Remortgage
Gold rate today rises ahead of Union Budget have 286 words, post on economictimes.indiatimes.com at January 29, 2021. This is cached page on wBlogs. If you want remove this page, please contact us.