The Economic Times daily newspaper is available online now.

    Gold rate rises to Rs 51,560 on firm global trend

    Synopsis

    Gold prices fell by Rs 608 to Rs 52,463 per 10 grams in the national capital on Thursday, in tandem with weak international trends, according to HDFC Securities.

    Gold-loan-1---istockiStock
    Globally, gold prices rose as the dollar slipped, while lacklustre U.S. employment data and vows by major central banks to roll out further stimulus if required to revive their coronavirus-hit economies also bolstered the metal's appeal.
    NEW DELHI: Gold and silver rate gained in early trade on Friday, in line with global market, as high unemployment in the US kept traders worried about the economy, boosting the demand for safe haven counters.

    The weekly jobless claims report from the US Labor Department, the most timely data on the economy's health, showed nearly 30 million people were on unemployment benefits at the end of August, laying bare the continuing economic and human devastation from the Covid-19 crisis.

    Gold futures on MCX were up 0.22 per cent or Rs 115 at Rs 51,568 per 10 grams. Silver futures advanced 0.24 per cent or Rs 163 to Rs 68,305 per kg.

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

    DateGold Spot Price
    Rs/10 grms (AHMEDABAD)
    Gold Future Price
    Rs/10 grms Expiry: 05-Apr-2024
    28-03-20246674667800
    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


    Gold prices fell by Rs 608 to Rs 52,463 per 10 grams in the national capital on Thursday, in tandem with weak international trends, according to HDFC Securities. Silver also failed to attract investors as it declined Rs 1,214 to Rs 69,242 per kg.

    Globally, gold prices rose as the dollar slipped, while lacklustre U.S. employment data and vows by major central banks to roll out further stimulus if required to revive their Covid-hit economies also bolstered the metal's appeal.

    Spot gold climbed 0.4 per cent to $1,951.13 per ounce by 0125 GMT, having fallen to a one-week low in the previous session. US gold futures were up 0.6 per cent at $1,960.80.

    The dollar index was down 0.1 per cent against its rivals, making gold more attractive for buyers holding other currencies.

    Swiss exports of gold to the United States all but halted in August while shipments to China and India rose, customs data showed, suggesting a big transfer of bullion to New York that followed the pandemic has run its course.

    Silver fell 0.5 per cent to $26.97 per ounce, platinum dipped 0.4 per cent to $936.69 and palladium slipped 0.8 per cent to $2,316.58.



    (What's moving Sensex and Nifty Track latest market news, stock tips 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 .)

    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


    (What's moving Sensex and Nifty Track latest market news, stock tips 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 .)

    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
    The Economic Times

    Stories you might be interested in