Gold prices today rise in line with global mood

In the spot market, gold prices were trading at Rs 51,147 per 10 gram according to a rate chart maintained by India Bullion And Jewellers Association. Silver prices stood at Rs 62,188 per kilogram.

BCCL
Globally, gold prices lingered below the key $1,900/ounce psychological level on Wednesday as lack of an agreement on additional US fiscal stimulus helped the dollar stay firm.
ET Spotlight
NEW DELHI: Gold and silver prices were trading with gains on Wednesday following the trend in international markets amid vanishing hopes of any early economic stimulus from the US.

Hopes for a new coronavirus relief package were dented as US House Speaker Nancy Pelosi rejected a $1.8 trillion proposal from the White House, saying it "falls significantly short of what this pandemic and deep recession demand."

Gold futures on MCX were up 0.23 per cent or Rs 115 at Rs 50,360 per 10 grams. Silver futures rose 0.52 per cent or Rs 315 to Rs 60,857 per kg.


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

DateGold Spot Price
Rs/10 grms (AHMEDABAD)
Gold Future Price
Rs/10 grms Expiry: 05-Feb-2021
15-01-202149285.048720.0
12-01-20210.049137.0
08-01-202150679.048965.0
07-01-20210.050926.0
05-01-20210.051480.0
01-01-20210.050258.0
30-12-20200.050128.0
29-12-202049851.049990.0
24-12-202049787.050089.0
22-12-202049897.050202.0
18-12-20200.050297.0
16-12-202049377.049616.0
14-12-202048830.048955.0


In the spot market, gold prices were trading at Rs 51,147 per 10 gram according to a rate chart maintained by India Bullion And Jewellers Association. Silver prices stood at Rs 62,188 per kilogram.

Globally, gold prices lingered below the key $1,900/ounce psychological level on Wednesday as lack of an agreement on additional US fiscal stimulus helped the dollar stay firm.
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Spot gold was little changed at $1,892.80 per ounce by 0053 GMT, after declining 1.6 per cent in the previous session. US gold futures were steady at $1,896.60.

Expectations for a COVID-19 vaccine took backseat after Johnson & Johnson and Eli Lilly and Co paused vaccine trials.

US consumer prices increased for a fourth straight month in September, with the cost of cars and trucks rising by the most since 1969, but inflation is slowing amid excess capacity in the economy as it gradually recovers from the COVID-19 recession.

Silver rose 0.2 per cent to $24.22 per ounce, platinum was up 0.5 per cent at $869.05, and palladium gained 0.6 per cent to $2,329.97.
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