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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Personal Opinion1 month agoBuy-back on gemstones to be on par with gold; A fear of return on the investment, more among high-end clients: Ankur Anand, Harsahaimal Shiamalal Jewellers
- Exclusive2 months ago
Prasad Jewellers’ Gold Bar Challenge fulfils multi-channel engagement goals, attracts young customers
- Maverick Greenhorn2 months ago
Segmenting retail approach to boost business performance
- Daily News1 month ago
TBZ – The Original launches its first store in Jaipur
