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    Gold Rate Today: Gold prices slump on rise in equities, stronger rupee

    Synopsis

    Rupee's rise against the US dollar exerted pressure on gold prices.

    ETMarkets.com
    NEW DELHI: Gold prices suffered losses in futures trade on Thursday as strong gains in equities eroded the appeal of the yellow metal as a safe-haven asset.

    Rupee's rise against the US dollar also exerted pressure on gold prices while lacklustre trend overseas further weighed on.

    The rupee climbed 29 paise against the US dollar today. A strong rupee brings gold prices down and spurs consumption in the country.

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

    DateGold Spot Price
    Rs/10 grms (AHMEDABAD)
    Gold Future Price
    Rs/10 grms Expiry: 05-Apr-2024
    28-03-20246674666566
    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 were steady in international markets on dollar's rise, while bullion investors looked for a direction after the minutes of the US Federal Reserve meeting indicated that there was no hurry in cutting rates, Reuters reported.

    Silver prices also fell, pressured by a slump in demand by industrial units and coin makers.

    The MCX Gold was trading at Rs 31,315 per 10 grams, down by Rs 107, while MCX Silver was trading at Rs 36,150 a kilo, down by Rs 159 around 11 am.



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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
    The Economic Times

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