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    Gold rate flat ahead of US Fed policy meet outcome

    Synopsis

    Globally, gold prices eased, retreating from a near two-week high hit in the previous session, as the dollar gained ahead of a U.S. Federal Reserve policy decision due later in the day.

    gold
    Gold prices rose by Rs 422 to Rs 53,019 per 10 gram in the national capital on Tuesday amid rupee depreciation and positive global trend, according to HDFC Securities.
    NEW DELHI: Gold and silver prices hovered around the flatline in Wednesday’s trade ahead of the US Federal Reserve’s policy outcome while continuous jump in coronavirus cases helped the demand in bullion counters.

    Later in the day the Fed will conclude its first meeting since adopting a more accommodative approach to inflation and pledging to keep interest rates low for longer.

    Gold futures on MCX were up 0.08 per cent or Rs 41 at Rs 51,810 per 10 grams. Silver futures fell 0.05 per cent or Rs 37 to Rs 68,930 per kg.

    Gold prices rose by Rs 422 to Rs 53,019 per 10 gram in the national capital on Tuesday amid rupee depreciation and positive global trend, according to HDFC Securities. Silver also witnessed buying interest as it jumped Rs 1,013 to Rs 70,743 per kilogram.

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

    DateGold Spot Price
    Rs/10 grms (AHMEDABAD)
    Gold Future Price
    Rs/10 grms Expiry: 05-Apr-2024
    28-03-20246674666850
    22-03-20246597565870
    21-03-20246667966180
    20-03-20246544665715
    19-03-20246534965576
    18-03-20246525865634
    15-03-20246536565545
    14-03-20246530965580
    13-03-20246518265851
    12-03-20246553165414
    11-03-20246554866033
    08-03-20246500766021
    07-03-20246500765423
    06-03-20246442065200
    05-03-20246441364819


    Globally, gold prices eased, retreating from a near two-week high hit in the previous session, as the dollar gained ahead of a U.S. Federal Reserve policy decision due later in the day.

    Spot gold was down 0.2 per cent to $1,952.15 per ounce by 0026 GMT, after hitting its highest since Sept. 2 at $1,971.71 on Tuesday. US gold futures fell 0.3 per cent to $1,960.50.

    The dollar index rose against its rivals, making gold more expensive for holders of other currencies.

    Japan's exports slumped 14.8 per cent in August from a year earlier, down for the 21st straight month, data showed, underlining the COVID-19 pandemic's heavy hit to global demand.

    Silver dipped 0.3 per cent to $27.09 per ounce, platinum dropped 1.5 per cent to $963.38 and palladium slipped 0.9 per cent to $2,388.29.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    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
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