Gold, silver trades flat on MCX

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Gold, silver trades flat on MCX
    Gold, silver was seen trading flat on the Multi Commodity Exchange on Saturday tracking weak global cues.
     

    International gold dropped and ended flat on Friday, with spot gold seen at $1,667 an ounce. Gold sentiment was affected after US equities gained on the hopes of the economic recovery after encouraging international trade data.

    Gold futures on the MCX was seen trading at Rs 30,815 per 10 grams, higher by Rs 20 at 2.10 pm IST. Silver futures was at Rs 58,199 per kgs, lower by Rs 13 on the MCX.

    Mumbai spot gold of 99.9 and 99.5% purity was at Rs 30,910 and Rs 30,775 per 10 grams, respectively.

    As per Kitco News Gold Survey, out of 33 participants, 24 responded this week. Of those 24 participants, 12 see prices up, while four see prices down, and eight see prices moving sideways.

    Of late, precious-metals have lost their safe-haven title and have been witnessing a similar trend to other riskier assets due to volatility in currency markets and uncertainty global economy.

    GoodReturns.in

    Read more about: gold silver mcx futures
    Story first published: Saturday, February 9, 2013, 14:27 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more