Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Portfolio

Loading...
Select Portfolio and Asset Combination for Display on Market Band
Select Portfolio
Select Asset Class
Show More
Download ET MARKETS APP

Get ET Markets in your own language

DOWNLOAD THE APP NOW

+91

CHOOSE LANGUAGE

ENG

  • ENG - English
  • HIN - हिन्दी
  • GUJ - ગુજરાતી
  • MAR - मराठी
  • BEN - বাংলা
  • KAN - ಕನ್ನಡ
  • ORI - ଓଡିଆ
  • TEL - తెలుగు
  • TAM - தமிழ்
Drag according to your convenience
ET NOW RADIO
ET NOW
TIMES NOW

Gold Rate Today: Gold, silver jump on higher demand

The MCX Gold was trading at Rs 31,274 per 10 grams

ETMarkets.com|
Updated: Dec 06, 2018, 11.55 AM IST
0Comments
Getty Images
GettyImages-825079000
MCX Gold may trade in a sideways range today, brokerage Motilal Oswal Securities said.

Commodity Summary
MCX

GOLD
SILVER
NEW DELHI: Gold price advanced in the domestic futures market in Thursday's trade on healthy buying by local jewellers at the spot market even as positive trend overseas bolstered the gains further.

The MCX Gold was trading at Rs 31,274 per 10 grams, up by Rs 199, while MCX Silver was trading Rs 59 higher at Rs 37,485 a kilo around 10:20 am.

Demand from local jewellers in the ongoing wedding season gave gold prices a fillip.

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

DateGold Spot Price
Rs/10 grms (Ahmedabad)
Gold Future Price
Rs/10 grms Expiry: 05-Apr-2019
20-03-201931816.031759.0
19-03-201931952.031971.0
15-03-201931966.031836.0
14-03-201931960.031800.0
12-03-201932033.032014.0
08-03-201932123.032184.0
07-03-201931982.031939.0
04-03-20190.032380.0
01-03-201932819.032655.0
26-02-201933264.033373.0
25-02-201933326.033320.0

MCX Gold may trade in a sideways range today, brokerage Motilal Oswal Securities said.

"Support for the commodity is at Rs 30,900-30,870, whereas it has a resistance near Rs 31,150-31,180," the brokerage said, adding, a price break on either side will give further trend confirmation.

For MCX Silver, the brokerage sees an immediate strong resistance at Rs 37,550-37,625. "The commodity has a support at Rs 37,100-36,900," the brokerage said.

Gold prices climbed in the global markets as dollar eased slightly. A weak dollar means gold will appreciate as the commodity becomes cheaper in other currencies, giving rise to its demand.
0Comments

Also Read

Gold Rate Today: Gold climbs in futures trade on healthy spot demand

Gold Rate Today: Gold futures take hit as investors turn to equities

Gold Rate Today: Gold in a narrow range on muted demand

Gold Rate Today: Gold futures fall amid weak global trend

Gold Rate Today: Gold futures surge on heightened demand

Comments
Add Your Comments
Commenting feature is disabled in your country/region.