RJ Market Watch
Gold Rate Today: Gold jumps on safe-haven demand
NEW DELHI: Gold prices jumped in futures trade on Wednesday, supported by positive global trend and weakness in the equity market.
Weak sentiment in the equity market amid trade war jitters increased the appeal of gold as safe-haven metal.
Gold prices rose in global markets as worries over US-China trade war lingered, curbing risk appetite and increasing the appeal of safe-haven metal.
Meanwhile, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell marginally to 756.18 tonnes on Tuesday from 756.42 tonnes on Monday, Reuters reported.
Around 10:50 am, the MCXNSE 1.61 % Gold traded at Rs 32,748 per 10 grams, up Rs 116, while MCX Silver traded Rs 36,838 a kilo, up Rs 103.
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Daily News2 months agoBvlgari adds designs to its pathbreaking mangalsutra collection ahead of wedding season
- Daily News1 month ago
Trent, a TATA subsidiary, launches lab-grown diamond brand ‘Pome,’ shares surge 7.67%
- Daily News1 week ago
Malabar Gold & Diamonds launches ‘Heritage Show’ in Mangalore, featuring jewellery inspired by Maharanis
- Daily News3 weeks ago
Savji Dholakia’s visionary water conservation project ‘Bharatmata Sarovar’ reinforces commitment to sustainability
