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    Gold Rate Today: Gold, silver flat in morning trade

    Synopsis

    Choice Broking said, “Based on the current technical set up and indicators, we continue to remain bearish in MCX Gold.”

    ETMarkets.com
    Gold and silver were trading flat on Tuesday on account of subdued demand for precious metals by jewellers, industries and retailers.

    MCX Gold futures were trading unchanged at Rs 29,027 per 10 gram, while MCX Silver futures were up 0.04 per cent at Rs 37,510 per 1 kg.

    According to SMC Investments and Advisors, bullion counter may trade with sideways path as movement of greenback and risk sentiment to give further direction to the prices.

    Meanwhile movement of local currency rupee will give further direction to the prices.

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

    DateGold Spot Price
    Rs/10 grms ()
    Gold Future Price
    Rs/10 grms Expiry: 05-Jun-2024
    31-05-20247283272050
    31-05-20247283272050
    30-05-20247258071919
    29-05-20247306372180
    28-05-20247289772155
    27-05-20247269171993
    24-05-20247269171279
    23-05-20247398471510
    22-05-20247475973050
    21-05-20247600174008
    17-05-20247469373750
    16-05-20247509372964
    15-05-20247373773095
    14-05-20247244072305
    13-05-20247324871844


    “Gold (Feb) can move in range of Rs 29,000-29,400 while silver (March) can move in range of Rs 38,000-38,600 in near term,” SMC said in a research note.

    Choice Broking said, “Based on the current technical set up and indicators, we continue to remain bearish in MCX Gold.”

    SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.14 per cent to 846.93 tonnes on Monday from 848.11 tonnes on Friday.

    Meanwhile, domestic equity markets were trading in red following a cautious stance adopted by participants ahead of the RBI policy review amid weak Asian cues. The BSE Sensex was down nearly 100 points, or 0.30 per cent, at 32770, while NSE Nifty index was down 30 points, or 0.30 per cent, at 10,097.



    (What's moving Sensex and Nifty Track latest market news, stock tips, Exit Polls News, Election Results News and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

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    (What's moving Sensex and Nifty Track latest market news, stock tips, Exit Polls News, Election Results News and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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