Gold prices were trading almost flat in morning trade on Thursday on account of subdued demand of the yellow metal from jewellers and investors.
MCX Gold futures were down 0.03 per cent, or Rs 9, at Rs 30,615 per 10 gram at around 11.45 am (IST), while MCX Silver futures were trading higher by 0.14 per cent at Rs 38,726 per 1 kg at around the same time.
Gold Rates – Spot & Futures (.995 purity) (MCX)
| Date | Gold Spot Price Rs/10 grms (Ahmedabad) |
Gold Future Price Rs/10 grms Expiry: 05-Apr-2018 |
|---|---|---|
| 15-02-2018 | 30542.0 | 30603.0 |
| 14-02-2018 | 30200.0 | 30673.0 |
| 13-02-2018 | 0.0 | 30231.0 |
| 12-02-2018 | 30098.0 | 30145.0 |
| 09-02-2018 | 30007.0 | 30010.0 |
| 08-02-2018 | 29881.0 | 30076.0 |
| 07-02-2018 | 30182.0 | 29986.0 |
| 06-02-2018 | 30433.0 | 30203.0 |
| 05-02-2018 | 30267.0 | 30292.0 |
| 02-02-2018 | 30452.0 | 30315.0 |
| 01-02-2018 | 30286.0 | 30437.0 |
| 31-01-2018 | 30207.0 | 29961.0 |
| 30-01-2018 | 30305.0 | 29975.0 |
| 29-01-2018 | 30223.0 | 29990.0 |
| 25-01-2018 | 30489.0 | 30280.0 |
On the further movement of gold and silver, SMC Investments and Advisors said, “Bullion counter may continue its strong upside rally as US PPI data and industrial production data along with movement of greenback to give further direction to the prices.”
“Gold can move in range of Rs 30,400-30,800 while silver can move in range of Rs 38,200-38,800 in near term,” the brokerage house said.
SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, said its latest holdings stood at 823.66 tonnes, remain unchanged from previous business day.
Holdings of the largest silver-backed exchange-traded-fund (ETF), New York’s iShares Silver Trust SLV, stood at 9767.91 tonnes, remain unchanged from previous business day.
Nirmal Bang Commodities believes that gold prices to trade higher for the day, supported by a weaker dollar and as investors bet on higher US inflation after a faster-than-expected rise in consumer prices last month.
