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

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 trade mixed

ETMarkets.com|
Updated: Oct 11, 2018, 12.26 PM IST
0Comments
GettyImages-547507664
Gold can take support near Rs 31250 and can face resistance near Rs 31500 in MCX.

Commodity Summary
MCX

GOLD
SILVER
Bullion counter was trading mixed on Thursday as robust US data potentially bolstered the chances of multiple US interest rate hikes over the next year.

MCX Gold was trading 0.35 per cent up at Rs 31,394 at around 10.30 am (IST), while MCX Silver was down 0.34 per cent at Rs 38,489 at around the same time.

US President Donald Trump said that Wednesday’s stock market sell-off was in fact a long-awaited “correction,” and that the Federal Reserve, which has been raising US interest rates, had gone "crazy".

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

DateGold Spot Price
Rs/10 grms (Ahmedabad)
Gold Future Price
Rs/10 grms Expiry: 05-Feb-2019
10-12-201831423.032043.0
07-12-201831050.031551.0
06-12-201830987.031090.0
05-12-201830855.031084.0
04-12-201830945.031124.0
03-12-201830664.030890.0
30-11-201830240.030253.0
29-11-201830360.030359.0
28-11-201830394.030655.0
27-11-201830673.030622.0
26-11-201830705.030765.0
23-11-20180.030715.0
22-11-201830834.030835.0
21-11-201830862.031074.0
20-11-201830913.031065.0


According to SMC Global Securities, gold can take support near Rs 31250 and can face resistance near Rs 31500 in MCX. While Silver can take support near Rs 38,100 and it has resistance near Rs 38700.

Latest holdings in SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, rose 1.21 percent to 738.99 tonnes on Wednesday. India's gold imports in September dropped more than 14 percent from a year ago as a rally in local prices due to a depreciating rupee.

Equity markets witnessed a sharp fall on Thursday following steep dip on Wall Street. The BSE Sensex slipped over 1,000 points in early trade, while the NSE Nifty index breached 10,200-mark in Thursday’s trade.
0Comments

Also Read

Gold Rate Today: Gold, silver trade higher

Gold Rate Today: Gold prices firm up, silver struggles

Gold Rate Today: Gold slips, but silver rises in futures trade

Gold Rate Today: Gold, silver jump on higher demand

Gold Rate Today: Gold, silver up in morning trade

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

Loading
Please wait...